Silver Lake Is Close To Raising $10 Billion

Posted Mar 15, 2013

Private equity company Silver Lake Partners is close to raising a new $10 billion fund, which is about 25% bigger than originally expected.  Silver Lake Partners is the company that is working with Michael Dell to take his Dell Inc. private and sold Skype to Microsoft.

The new fund is rumored to be called Silver Lake IV and it could be completed as early as this month.  Silver lake is seeing a gross internal rate of return at 27% and a net internal rate of return of 18%.

The Silver Lake Partners III fund raised $9.6 billion and has given a substantial return for investors since launching in 2007.