Silver Lake Shifts Dell Stake to New Fund to Keep It Longer (1)

Silver Lake is moving some of its Dell Technologies Inc. holdings to a new fund to ensure it can hold on to the investment after its original fund expires next year.

The firm is shifting a stake worth about $1 billion from its third fund into its newest investment pool formed last year, Silver Lake Partners V. The remainder, a majority of the fund’s Dell holdings, will be moved to a special purpose vehicle that will be held by the investors in the original fund, Silver Lake Partners III.

The private equity firm said the transaction will allow it to ...