California-based private-equity manager Silver Lake Management plans to begin raising its fourth fund for corporate leveraged buyouts (LBO) next year, Bloomberg reports. Silver Lake is a global private investment firm with approximately $14 billion in assets under management.

It will face competition in its fundraising efforts from firms such as Kohlberg Kravis Roberts & Co. that have increased deal making in the industry. Silver Lake gathered a record $9.3 billion in 2007 for a technology vehicle.

Click here for the story from Bloomberg.