Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala

Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala

Abu Dhabi sovereign-wealth fund Mubadala Investment Co. is making an investment in Silver Lake and contributing $2 billion to help the technology-focused private-equity firm launch a new long-term strategy, according to people familiar with the matter.

Mubadala will take a stake of less than 5% in Silver Lake, buying roughly half of what Neuberger Berman Group LLC's Dyal Capital Partners purchased in 2016, the people said.

Under the new strategy, Silver Lake will have 25 years to deploy the capital and harvest any gains, allowing it to hold assets for much longer than the typical 10-year buyout-fund time horizon.