Deals

Silver Lake Co-Founder Roux to Raise Fund With Blackstone Alum

  • Fund’s focus will include health care, industrials, consumer
  • Mukherjee left Blackstone for U.S. Treasury Department in 2015
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David Roux, a co-founder of investment firm Silver Lake, is teaming up with former Blackstone Group Inc. executive Anjan Mukherjee to raise a private equity fund, according to people with knowledge of the matter.

The two co-managing partners have begun talks with prospective investors, including pension funds and sovereign wealth funds, said some of the people, who asked not to be identified because the information isn’t public. Their new firm, known as BayPine, is raising the fund. It will focus on the digital transformation of sectors including health care, industrials, business services and consumer, one of the people said.