Silver Lake has raised $15 billion for its Silver Lake Partners V, per a SEC filing. The Menlo Park-headquartered firm began fundraising in 2016 with a $12.5 billion target.
Its previous fund raised $10.3 billion in 2013.
Investors that committed to Silver Lake Partners V include the University of Houston System, Oklahoma State Regents for Higher Education and the Los Angeles Fire & Police Pension System.
The fund will target buyout opportunities in technology and technology-enabled sectors globally.