Silver Lake Amasses $7 Billion in Funds as They Eye $DELL To Go Private

“Silver Lake Management LLC, the private-equity firm discussing a potential buyout of computer maker Dell Inc. (DELL), has raised more than $7 billion for its latest fund, according to two people with knowledge of the matter.

The fund, which officially started gathering money in March, had raised $4.1 billion as of August, meaning Silver Lake won about $3 billion since then. Silver Lake Partners IV LP is seeking $7.5 billion, with the option of raising as much as $10 billion.

Silver Lake, the largest technology-focused private-equity manager, is among investors in talks with Dell about taking the company private, people familiar with the matter told Bloomberg Newsthis week. A deal could require buyers to put together about $22 billion in debt and equity financing, the most for a leveraged buyout since 2007.

Gordon Goldstein, a spokesman for Menlo Park, California- based Silver Lake, declined to comment on the fund. The people with knowledge of the fundraising asked not to be named because the information is private….”

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