Thursday, 26 November 2015
Last updated 11 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…