Silver Lake, a global alternative investment firm with approximately USD14b
Silver Lake, a global alternative investment firm with approximately USD14billion in AUM, has launched a new investment vehicle – Silver Lake Kraftwerk – reported AsianInvestor this week. The firm specializes in investing in large and mid-cap technology firms, as well as managing a portfolio of debt investments and has offices in the US, London, Tokyo and Hong Kong. Silver Lake Kraftwerk will provide growth capital to companies operating in the energy and resource sectors. Soros Fund Management is to be a strategic partner. Adam Grosser is to head up the operation which will operate out of offices in Silicon Valley in the US and also China. “Green” energy is becoming an ever-important alternative to fossil fuels. Consequently, Kraftwerk will provide capital to those companies using technology to improve energy efficiency, reduce harmful emissions and explore renewable alternatives. Cathy Zoi (pictured), former acting undersecretary for energy and assistant secretary for energy efficiency and renewable energy in President Obama’s administration, is due to team up with Grosser this month. “Our goal with this new initiative is to match Silver Lake’s established leadership in large cap and middle market technology investing with a new strategy we believe will drive growth around the world in coming decades,” said Greg Mondre, a Silver Lake MD. “Silver Lake is synonymous with best-in-class global technology investing,” added Grosser.