Mike Bingle received a biomedical engineering degree from Duke University, but soon moved into finance, working in the investment banking division of Goldman Sachs and at Apollo Management before joining Silver Lake more than 20 years ago.
Bingle, a Greenwich resident, had served as managing partner at Silver Lake, but in early 2020 he gave up that title, becoming vice chairman and taking on a managing partner emeritus title, according to a firm announcement.
The shuffle was part of Silver Lake’s move to “expand its asset base for its flagship large-scale private equity strategy and its structured equity and debt investment strategy,” reportedly in a move to enhance its capacity to go after large investment opportunities in technology and technology-enabled industries.
According to Silver Lake, Bingle, who Forbes says is personally worth about $1.2 billion, will continue to place “significant personal capital in Silver Lake’s investments” in addition to looking for “new opportunities … on an investment-by-investment basis.”
In 2020, Silver Lake announced its portfolio of investments collectively generates more than $230 billion in revenue annually.
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