Wednesday, 30 September 2020

Silverlake adds a $2 billion "longterm" hedge fund backed by Abu Dhabi to its tech finance toolkit

Silverlake adds a $2 billion "longterm" hedge fund backed by Abu Dhabi to its tech finance toolkitSilver Lake Partners, the multi-billion dollar tech-focused investment firm, is adding a longterm hedge fund backed by Abu Dhabi's sovereign wealth fund, Mubadala, to its array of investment vehicles to finance technology companies. The move into multi-strategy investing represents the diversification of financing vehicles that companies have at their disposal and gives the private equity firm the tools it needs to compete in a world awash with capital and new ways for companies to access public market financing. It's probably not a coincidence that the public-private, long-only, investment structure is happening as more tech companies are eschewing later stage financing to find cash on public markets through things like special purpose acquisition companies (SPACS).




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