Silver Lake Readies Tech. Lending Fund

Mar 16 2012 | 8:00am ET

Silver Lake Partners plans to raise $75 million for a new primary lending fund focused on technology companies.

The new Silver Lake Waterman fund will lend between $5 million and $25 million to late-stage pre-initial public offering companies, the private equity firm said in a Securities and Exchange Commission filing. The vehicle will be managed by Rick Stubblefield and Shawn O'Neill, recent hires from venture capital fund Lighthouse Capital Partners and boutique investment bank Bandon Partners, respectively.

In addition to the $75 million it hopes to raise, San Francisco-based Silver Lake Waterman could get twice as much from the U.S. Small Business Administration, Fortune reports.

Silver Lake Waterman plans to lend to well-established technology companies needing additional capital but not wanting to sell any additional equity in advance of an IPO.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...