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Simpson Thacher Advises Silver Lake on New $20 Billion Tech Fund

Jan. 15, 2021, 11:56 AM

Simpson Thacher & Bartlett advised Silver Lake Partners on its raising of approximately $20 billion for its new technology-focused buyout fund, the law firm said.

The private equity firm said Wednesday that it had reached its hard cap for limited partner capital commitments to the Silver Lake Partners VI fund.

Silver Lake said the new fund significantly boosts its capacity to carry out its flagship strategy of making large-scale growth investments in technology across the global economy. It now has around $75 billion in combined assets under management and committed capital.

“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,” said Susannah Carrier, Silver Lake’s managing director and global head of fundraising and investor relations.

The firm in the last year has announced investments in companies including Twitter, Airbnb, Expedia, Jio Platforms, Reliance Retail, Klarna, Silae, Meilleurtaux and TAL, among others.

To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
To contact the editor on this story: Chris Opfer in New York at copfer@bloomberglaw.com
John Hughes in Washington at jhughes@bloombergindustry.com

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