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"Silver Lake has announced completion of a $10.3 billion fund, roughly 37 percent larger than its original target of $7.5 billion.\r\n\r\nDubbed the Silver Lake Partners IV fund, the company is touting it as the &amp;quot;the largest amount ever raised for a technology investment-focused private equity fund.&amp;quot;\u00A0The firm's previous fund, Silver Lake Partners III, raised $9.6 billion before launching in 2007.\r\n\r\nThe firm now manages over $23 billion in combined assets. Companies it has invested in bring in roughly $30 billion in annual revenue.\r\n\r\nSilver Lake's managing partners (Mike Bingle, Jim Davidson, Egon Durban, Ken Hao, and Greg Mondre) said in a note:\r\nWe received strong investor demand for this fund and are deeply gratified by the confidence in Silver Lake demonstrated by our limited partners, many of whom have been long-term investors with us. We appreciate the continued support of our investors and welcome new investors in the fund.\r\nLast month, reports emerged that Silver Lake was close to finishing the $10 billion fund after first filing for it last summer.\r\n\r\nSilver Lake is currently in the midst of a bid to take PC maker Dell private. Dell accepted an offer from Silver Lake and its own\u00A0founder Michael Dell. Carl Icahn and Blackstone are believed to be prepping a bid that could beat the duo's $24.4 billion offer.\r\n\r\nHeader image credit:\u00A0Thinkstock"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/insider/2013/04/18/silver-lake-closes-10-3-billion-fund-beating-original-target-of-7-5-billion/>