SoFi backer Silver Lake Partners closes new $15bn fund

Private equity firm Silver Lake Partners has raised $15bn for its fifth tech-focused fund.

The New York and Menlo Park-based late-stage investor secured capital commitments of $14.5bn from limited partners – surpassing its $12.5m target.

It also closed $500m from a general partner to bring the firm to $39m in total combined assets and committed capital.

The fund’s investors are undisclosed with the firm claiming backers include public and corporate pension funds, sovereign wealth funds, insurance companies, endowments, foundations, funds of funds, family offices, technology industry leaders and individual investors across North America, South America, Europe, Asia and the Middle East.

Silver Lake says it will use the new fund to enhance its capacity to make large-scale investments in tech and tech-enabled industries globally. The firm led lending disruptor SoFi’s $500m Series F round in February this year.

Silver Lake previously closed its fourth fund in April 2013 with $10.3bn as well as a $650m CleanTech fund.

The investor’s claim its portfolio companies generate more than $140bn in annual revenue and employ more than 300,000 people globally.

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