NEW YORK: Silver Lake Partners, the technology-focused private equity firm backing a US$24.4 billion bid to take Dell Inc private, is close to raising $10 billion for its latest fund, exceeding its initial fundraising target on strong investor demand, a person familiar with the matter said on Thursday.
Silver Lake's fundraising performance indicates strong investor confidence in the firm at a time when it is trying to pull off the largest leveraged buyout since the financial crisis through its participation in Michael Dell's consortium that has offered to take the world's No. 3 PC maker private.