The technology sector remains alluring for LPs keen to capitalise on tech-related growth opportunities without the risk they once may have endured for venture funds. This week we reported on fundraising progress for the $100 billion SoftBank Vision Fund, the world’s largest tech fund, which is preparing for a final close.
Tech specialists with the right credentials are raising capital in ever-greater volumes. Thoma Bravo raised $7.6 billion for its latest fund in October, and Vista Equity Partners this year appears likely to raise the largest tech-focused fund to date, surpassing Silver Lake’s $10.3 billion 2013 vehicle.
Softbank, however, looks like it will dwarf them all.