Graham Winfrey

The firm’s sale of storage technology company SMART Storage Systems marks Silver Lake’s first announced exit of 2013.

The appointment of former managing director Donald Pascal to president comes following three new hires to Commonfund Capital earlier this year.

The Orlando Bravo-led firm’s second platform investment of 2013 comes as Thoma Bravo seeks $400m for a supplemental buyout fund that will invest alongside its Fund X.

The $63bn retirement fund will gradually increase its target allocation to private equity from 16% during the next three to five years.

The Brent Belzberg-led firm is approaching its C$550m target for the fund, which launched last year and will invest primarily in Canada’s mid-market.

The energy investor will back newly formed Century Midstream, which will focus on liquids and liquids-rich shale projects in North America.

The consumer-focused firm has agreed its second exit in less than a month, selling Pirate Brands to B&G Foods alongside an investor group including Driven Capital Management.

The firm is seeking slightly more than its Fund IV that collected $440m, and has exited five companies during the past 12 months.

The firm is approaching its $600m target for its second fund of funds focused on small buyouts and is also raising its BRIC Opportunities Fund III, targeting $1bn.

The Chicago-based firm is nearing its $425m hard-cap for its second secondaries fund, which will target limited partner commitments of less than $25m in funds that are more than 30% invested.