Tech-focused private equity firm Silver Lake on Tuesday announced that it has raised $15 billion for its latest flagship fund (including around $500 million from the firm's partners).
Why it matters: This is the largest-ever private equity fund dedicated exclusively to technology deals, and Silver Lake is known for making some massive bets (including a recent bid for Toshiba's chips unit).
Why it matters less: Silver Lake's place atop the AUM heap is likely to be short-lived, as SoftBank continues to put the finishing touches on a $100 billion vehicle that will rank not only as the largest tech fund of all time, but as the largest private equity fund of all time.
