Silver Lake Raises $20 Billion For SLP VI

By Amit Chowdhry ● January 18, 2021
  • Technology investment leader Silver Lake recently announced it raised about $20 billion for Silver Lake Partners VI. These are the details.

Technology investment leader Silver Lake recently announced it raised about $20 billion for Silver Lake Partners VI. As a result, the fund reached its hard cap for limited partner capital commitments. With this latest fund, Silver Lake plans to significantly increase capacity in its flagship strategy to make large-scale growth investments in a wide range of opportunities driven by the broad impact of technology across the global economy. In total, Silver Lake now manages about $75 billion in combined assets under management and committed capital.

Silver Lake invests flexibly across a wide spectrum of technology-enabled and related growth industries, ranging from semiconductors, software, cloud computing, transaction processing, and IT infrastructure to cybersecurity, e-commerce, and vertical-specific technology investments in the travel, transportation, healthcare, financial services and media sectors. And Silver Lake’s diverse ecosystem of portfolio companies collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally.

This announcement comes on the heels of Silver Lake revealing in September of a new long-term strategy, supported by a $2 billion seed investment from Mubadala and caps a year in which Silver Lake announced new investments in companies including Twitter, Airbnb, Expedia, Jio Platforms, Reliance Retail, Klarna, Silae, Meilleurtaux and TAL — achieved partial or full realizations of its investments in companies like Alibaba, NortonLifelock, Ancestry and Credit Karma; and saw initial public offerings for existing portfolio companies such as GoodRx and Unity Technologies.

The investors in Silver Lake Partners VI 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.

KEY QUOTES:

“With more than two decades of experience singularly focused on technology investing, Silver Lake is firing on all cylinders as we continue to execute our strategy of helping to build and grow great companies at a time of accelerating digital transformation across the globe. We are deeply grateful to the portfolio company management teams who invite us in to work with them as the true heroes of the Silver Lake story, and to the limited partners who have confidence in our ability to create exceptional long-term value in a socially responsible manner by helping those companies grow and drive innovation for the benefit of all stakeholders.”

— Silver Lake Co-Chief Executive Officers Egon Durban and Greg Mondre on behalf of the firm’s Managing Partners

“We are very pleased with the response we have received across the board from limited partners, especially given the current environment, which we believe validates Silver Lake’s strategic discipline, deep technology expertise, and intensive focus on growth. We are grateful to our returning and new investors for entrusting Silver Lake with their capital as we continue to cultivate a culture of excellence and an alignment of interests to generate exceptional performance.”

— Susannah Carrier, Managing Director and global head of fundraising and investor relations