Silver Lake Said Ready to Raise Fund as KKR Encroaches
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Silver Lake Management LLC, the largest technology-focused private-equity manager, will start raising its next fund in 2012, competing for investors with firms such as KKR & Co. that have stepped up deal making in the industry, according to two people with knowledge of the plan.
The fund would be the Menlo Park, California-based firm’s fourth pool for corporate leveraged buyouts. Silver Lake, which oversees $14 billion, amassed $9.3 billion in 2007, a record for a technology fund.