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 Leveraged buyout activity may be down, but that hasn't dampened limited partner appetite for private equity funds -- especially targeted ones. Silver Lake, which specializes in technology buyouts, has swept past its $7.5 billion target for its latest fund, closing with $9.3 billion, according to a report on peHUB,. Meanwhile, Norwegian oil-and-gas-focused private equity firm HitecVision Private Equity AS has powered up with a new $800 million oversubscribed fund that blew away its $600 million target.In January Silver Lake sold a 9.9% stake in the partnership to the California Public Employees' Retirement System for a reported $275 million, valuing the firm at $2.75 billion. One of the first firms to start doing technology buyouts, Silver Lake recently expanded its investment scope through Silver Lake Sumeru, the firm's midmarket investing strategy, and Silver Lake Financial, its credit investment group. Silver Lake's funds' assets under management add up to more than $24 billion including the new vehicle. Meanwhile, HitecVision Private Equity V, which is expected to invest in buyouts of European and North American oil and gas assets, had no difficulty raising capital thanks to the rising price of energy. About 150% larger than its $300 million predecessor, HitecVision V took only three months to raise. - George White See HitecVision press release See peHUB post on Silver Lake See TheDeal.com story on Calpers CategoriesPrivate capital video
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