Silver Lake raises $15 billion for new fund

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.

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University of Minnesota student jailed in China over tweets

Xi Jinping. Photo: Noel Celis - Pool/ Getty Images

A University of Minnesota student has been arrested in China and sentenced to six months in prison for tweets he posted while in the United States, according to a Chinese court document viewed by Axios. Some of the tweets contained images deemed to be unflattering portrayals of a "national leader."

Why it matters: The case represents a dramatic escalation of the Chinese government's attempts to shut down free speech abroad, and a global expansion of a Chinese police campaign a year ago to track down Twitter users in China who posted content critical of the Chinese government.

Go deeperArrow4 mins ago - World

⚖️ Live updates: Opening arguments begin in Trump impeachment trial

The second day of the Senate impeachment trial of President Trump will see a full day of opening arguments from Democratic House impeachment managers.

What to watch for: Democrats now have 24 hours — spread out over three days — to take their time to lay out their case against the president's alleged abuse of power and obstruction of Congress. It'll also allow them to highlight gaps that could be filled out by additional witnesses and documents from the administration.

This post will be updated with new developments as the trial continues.

Go deeperArrowJan 21, 2020 - Politics

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