Silver Lake raises $20 billion for buyout fund

Jan 13 (Reuters) - Silver Lake said on Wednesday it had raised about $20 billion for its buyout fund, Silver Lake Partners VI, as the technology-focused private equity firm looks to focus on large-scale investments.

Silver Lake, which manages about $75 billion in combined assets under management and committed capital, has recently invested in major names, including Alphabet Inc’s Verily Life Sciences LLC and India’s Reliance Industries Ltd .

Buyout funds typically return money to investors three to seven years following their fundraising.

Silver Lake has stakes in social media firm Twitter Inc , U.S. home rental firm Airbnb Inc and movie theater chain AMC Entertainment Holdings Inc, according to its website. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Shounak Dasgupta)