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    SLW

    San Francisco, California, United StatesFounded 2012
    www.slw.vcLinkedIn
    Enterprise SoftwareSaaSFintechHealthcare

    SLW (formerly Silver Lake Waterman) is a growth-capital investment firm founded in 2012 as a later-stage growth strategy within Silver Lake. In 2024, SLW became an independent firm while maintaining a collaborative relationship with Silver Lake, partnering with leading technology companies through minority investments ranging from $10 million to over $100 million.

    Deal activity increased 400% year-over-year (5 deals in the last 12 months). Average disclosed round size is $148.7M (across 31 rounds with reported amounts).

    Find people at SLW on Goldilocks AI

    Portfolio

    26

    Fund Size

    —

    Top Stage

    Series B

    Last 12 Mo

    5

    Team

    RS

    Rick Stubblefield

    Co-Founder & Managing Director

    SO

    Shawn O'Neill

    Managing Director and Group Head

    AS

    Alex Scherbakovsky

    Principal

    JC

    Jeff Chung

    Associate

    OC

    Owen Curran

    Associate

    SW

    Spencer Warner

    Associate / Growth Investor

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    38 investments
    CompanyRoundAmountDate
    Vestwell logoVestwellSeries E—Feb 2026
    Vestwell logoVestwellGrowth—Jan 2026
    Netomi logoNetomiUnknown$110MJan 2026
    Sparrow Exchange logoSparrow ExchangeSeries B$35MJan 2026
    Alembic logoAlembicSeries B$145MNov 2025
    Metropolis Technologies logoMetropolis TechnologiesSeries D$500MNov 2025
    Metropolis logoMetropolisSeries D$500MNov 2025
    Findem logoFindemSeries C$51MOct 2025
    Sparrow logoSparrowSeries B$35MJul 2025
    Sparrow logoSparrowSeries B$35MJan 2025
    Odaseva logoOdasevaSeries C$54MJun 2024
    Axonius logoAxoniusSeries E$200MJan 2024
    Odaseva logoOdasevaSeries A$54MJan 2024
    Metropolis Technologies logoMetropolis TechnologiesSeries B—Jun 2022
    Metropolis logoMetropolisSeries B$167MJun 2022
    IInvoca ComSeries F$83MJan 2022
    Axonius logoAxoniusSeries C$58MJan 2022
    Movable Ink logoMovable InkSeries D$55MJan 2022
    Metropolis logoMetropolisSeries B$167MJan 2022
    FLYR logoFLYRSeries C$150MSep 2021
    ScienceLogic logoScienceLogicSeries E$105MFeb 2021
    Tealium logoTealiumSeries G$96MFeb 2021
    PPendo.io, IncSeries F$150MJan 2021
    Loft logoLoftSeries D$425MJan 2021
    FLYR logoFLYRSeries C$150MJan 2021
    Page 1 of 2

    Top Co-Investors

    WndrCo8 shared
    Dragoneer Investment Group6 shared
    Silver Lake6 shared
    Lightspeed Venture Partners5 shared
    Accenture5 shared
    Tiger Global Management, LLC5 shared
    Sapphire Ventures5 shared
    Eldridge5 shared
    UP.Partners5 shared
    Assembly Ventures5 shared
    3L Capital5 shared
    Blue Owl Capital4 shared
    Liquid 2 Ventures4 shared
    Prysm Capital4 shared
    B Capital4 shared
    Intel Capital4 shared
    Slow Ventures4 shared
    Franklin Templeton3 shared
    Sixth Street Growth3 shared
    Neuberger Berman3 shared

    Last updated: 20 October 2026