Friday, 22 May 2015
Last updated 6 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…