Silver Lake-led consortium has invested $319m in Vacasa, North America’s largest vacation rental management platform. Existing investors Riverwood Capital, Level Equity, and NewSpring participated in the capital raise. With this new financing, Vacasa plans to enhance its industry-leading technology platform further, accelerate expansion into new markets and grow new offerings, including Vacasa Real Estate, which has evolved from an agent network into a robust service model that includes brokerages in key vacation rental markets throughout the country. “Vacasa has spent the past decade, bringing innovation to the $100bn global vacation rental industry. We believe Vacasa, with its differentiated technology platform that’s already the market leader in North America, has the potential to become a global brand that stands for superior financial returns for homeowners and exceptional experiences for guests.” Joerg Adams, Silver Lake managing director.