A few weeks ago, we heard that Silver Lake and G&H were out raising buyout funds foucsed on the mid-market, or targeting buyouts of small divisions within larger companies.
Larry Aragon confirms it here:
Silver Lake Partners, of Menlo Pak, is said to be raising a $750 million fund aimed at the mid-market, as well as a $1.5 billion fund for larger deals.
Meanwhile, Garnett & Helfrich, also of Menlo Park, is trying to raise a second fund of $750 million. It raised a first fund of $250 million in 2004 and then added another $100 million in September 2005.
It will be interesting to see if G&H can raise a second fund without any realizations from its first. Thomson Financial shows that G&H has made three investments to date: Blade Network Technologies, Wyse Technology and Celunite.