Silver Lake raises $15bn

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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.