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US Silver Lake Partners aims to raise $4bn fund11/08/2003. Source: AltAssets. 
 Silver Lake Partners, the US technology buy-out firm, is aiming to raise a $4bn mega-fund next month. The fund will have an official target of at least $3bn and will be officially launched on 1 September.
Silver Lake's last fund closed on $2.3bn in 1999. Investors included Bill Gates of Microsoft, Larry Ellison of Oracle and Michael Dell of Dell Computers, according to the Financial Times.
Silver Lake has currently invested just $1.6bn from its last fund but has already distributed $1bn to its investors.
Silver Lake's $4bn target makes it one of the most ambitious US fundraising efforts to be launched this year. There has been a steep decline in US private equity fundraising with just $10.6bn raised in the first half of 2003. This represents a dramatic drop from $30bn in the same period last year.
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