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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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