Silver Lake Waterman

Silver Lake Waterman is the dedicated growth capital arm of Silver Lake, a leading global technology investment firm. Based in Menlo Park, California, this division specializes in providing flexible, non-control growth capital to late-stage, pre-IPO technology companies. Unlike traditional venture capital or private equity buyout strategies, Silver Lake Waterman offers tailored financing solutions, often in the form of convertible notes or preferred equity, designed to support companies through periods of rapid expansion, strategic initiatives, or M&A activities without requiring a full change of control.

The firm's investment strategy is highly selective, targeting established technology businesses with proven business models, significant market traction, and strong management teams. They aim to provide capital that enables companies to accelerate growth, expand into new markets, or pursue strategic acquisitions, while allowing existing shareholders and founders to retain significant ownership. This approach leverages Silver Lake's deep expertise and extensive network within the technology sector, offering portfolio companies not just capital but also strategic guidance and operational support.

Silver Lake Waterman typically deploys first checks ranging from $25 million to $150 million, although they can participate in larger rounds. These investments are distinct from the larger, control-oriented buyouts executed by Silver Lake's flagship funds, which manage over $100 billion in combined assets under management. The Waterman strategy is designed to bridge the gap between early-stage venture funding and large-scale private equity, providing a crucial capital source for companies nearing an IPO or considering other significant liquidity events. Their portfolio includes a diverse range of technology sub-sectors, reflecting the broader Silver Lake focus on software, fintech, internet, and technology-enabled businesses.