Silver Lake has announced completion of a $10.3 billion fund, roughly 37 percent larger than its original target of $7.5 billion.

Dubbed the Silver Lake Partners IV fund, the company is touting it as the “the largest amount ever raised for a technology investment-focused private equity fund.” The firm’s previous fund, Silver Lake Partners III, raised $9.6 billion before launching in 2007.

The firm now manages over $23 billion in combined assets. Companies it has invested in bring in roughly $30 billion in annual revenue.

Silver Lake’s managing partners (Mike Bingle, Jim Davidson, Egon Durban, Ken Hao, and Greg Mondre) said in a note:

We received strong investor demand for this fund and are deeply gratified by the confidence in Silver Lake demonstrated by our limited partners, many of whom have been long-term investors with us. We appreciate the continued support of our investors and welcome new investors in the fund.

Last month, reports emerged that Silver Lake was close to finishing the $10 billion fund after first filing for it last summer.

Silver Lake is currently in the midst of a bid to take PC maker Dell private. Dell accepted an offer from Silver Lake and its own founder Michael Dell. Carl Icahn and Blackstone are believed to be prepping a bid that could beat the duo’s $24.4 billion offer.

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