Silver Lake launches investment strategy with Soros

With a new investment product featuring Soros Asset Management as its partner, plus a hire from fund-of-hedge-funds manager GAM, Silver Lake is bulking up its energy business.

Alternative investment firm Silver Lake has launched a new investment strategy, Silver Lake Kraftwerk, to focus on providing growth capital to innovative firms in the energy and resource sectors.

Soros Fund Management has joined Silver Lake as a strategic partner in the initiative, which will be led by Adam Grosser, who used to work as a general partner at Foundation Capital.

Joining him is Cathy Zoi, who recently announced her resignation as acting undersecretary for energy and assistant secretary for energy efficiency and renewable energy in the Democrat administration of US President Barack Obama.

Kraftwerk will operate out of offices in Silicon Valley and China, and its plan is to invest in companies that use technology to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources.  

Silver Lake handles private investments in technology and technology-enabled industries. It manages more than $14 billion across large cap and middle market private investment and credit strategies. In Asia, it has offices in Tokyo and Hong Kong.

Separately in Hong Kong, Silver Lake has hired Germaine Sze as a senior vice-president. She will be responsible for marketing and investor relations in the Asia-Pacific region. Previously, she was a client director and head of the institutional Asia-Pacific group at GAM for eight years, and before then worked with HSBC Asset Management, focused on institutional business development.

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