• Today from Aspen: In addition to our breakfast sessions, we'll have interviews with Cisco CEO Chuck Robbins, PayPal CEO Dan Schulman, Legendary Entertainment's Thomas Tull and Mary Parent and a special tribute to Bill Campbell with Shellye Archambeau (MetricStream CEO), John Doerr (Kleiner Perkins chairman), Emil Michael (Uber chief biz offiver) and Brad Smith (Intuit CEO). And, yes, we'll be sure to ask Legendary not only about the Theranos film it's producing, but also a report this morning that it's in talks for a Pokemon movie... The livestream begins at 11am ET, and you can view it by going here.

• Today's big deal is that Silver Lake has sold an undisclosed minority stake in its management company to Dyal Capital Partners, a unit of Neuberger Berman. Three notes:

1. My understanding is that this is new equity coming in, as opposed to existing Silver Lake owners cashing out.

2. You might recall that Silver Lake previously sold a 9.9% stake in its management company to CalPERS in 2008 for $275 million, before quietly buying the position back in 2013 for an undisclosed amount.

3. Dyal recently raised $2.5 billion for an evergreen fund to make these sorts of investments, and previously announced a similar sort of deal with Vista Equity (which regularly plays in the tech space alongside Silver Lake).

• Hyperloopy: A number of you wrote in yesterday to ask my thoughts on the co-founder (and former CTO) of Hyperloop Technologies suing the company and two of its (already controversial) VCs ― Shervin Pishevar and Joe Lonsdale ― for such things as defamation, breach of contract and wrongful termination. Particularly given that Pishevar's Sherpa Capital recently raised $480 million for new funds and word is that Joe Lonsdale has rounded up around $420 million for his own new fund (the first since Formation 8 broke up).

The reality, however, is that I haven't yet been able to give it enough thought nor do enough research (except to learn that a countersuit is likely to be filed soon). Blame Brainstorm. In the meantime, however, my colleague Jennifer Reingold has a fantastic tick-tock of the situation, which you should read here.

THE BIG DEAL

• Dyal Capital Partners has acquired a minority stake in the management company of private equity firm Silver Lake. No financial terms were disclosed. www.silverlake.com

VENTURE CAPITAL DEALS

• True Fit, a Woburn, Mass.-based retail SaaS startup that provides an online discovery engine for consumers to find better-fitting clothes, has raised $25 million in new VC funding. Intel Capital led the round, and was joined by return backers Jump Capital and Signal Peak Ventures. Read more.

• Redkix, a new collaboration startup that merges chat with email, has raised $17 million in seed funding from Salesforce Ventures, Wicklow Capital, SG VC and individual angels. Read more.

• SironLabs, an India-based startup whose software helps companies manage supplier contracts and relationships, has raised $12.25 million in Series B funding. Sequoia India led the round, and was joined by QualGro ASEAN Fund and Canopy Ventures. Read more.

• Sienna Biopharmaceuticals Inc., a Westlake Village, Calif.-based dermatology and aesthetics startup, has raised $12 million in new Series A funding. The round total is now $46 million. Backers include Arch Venture Partners, Partner Fund Management, Two river, Altitude Life Science Ventures and Venvest Capital. www.siennabio.com

• Flashpoint, a New York-based cybersecurity startup focused on the deep and dark web, has raised $10 million in Series B funding. Greycroft Partners led the round, and was joined by Jump Capital, Leaders Fund and return backers TechOperators, K2 Intelligence, Bloomberg Beta and Cisco Investments. www.flashpoint-intel.com

• PostBeyond, a Toronto-based employee advocacy solution, has raised C$4 million in Series A funding co-led by Information Venture Partners and Export Development Canada. www.postbeyond.com

PRIVATE EQUITY DEALS

• Advanced Solutions International, an Alexandria, Va.-based provider of cloud software to associations and nonprofits, has raised an undisclosed amount of private equity funding from Bregal Sagemount. www.advsol.com

• Array Technologies Inc., an Albuquerque, N.M.-based manufacturer of solar tracking solutions, has raised an undisclosed amount of private equity funding from Oaktree Capital Management. www.arraytechinc.com

• Geneva Glen Capital has sponsored a recapitalization of Southeastern Home Health Services, a Bristol, Penn.-based Medicare home health provider. No financial terms were disclosed. www.sehomehealth.com

• • Quad-C Management has acquired Rainbow Early Education Holding, a Troy, Mich.-based early education company with over 10,500 students, from Spire Capital Partners. No financial terms were disclosed. www.rainbowccc.com

IPOs

• No IPO news this morning.

EXITS

• CCMP Capital has scrapped its sale process for Jamieson Laboratories, a Canadian vitamin maker that could have been valued at around $1 billion, according to Bloomberg. Suitors had included Chinese companies Shanghai Pharmaceuticals Holding Co. and By-health Co. Read more.

• Providence Equity Partners has hired Moelis & Co. to find a buyer for Learfield Communications, a Jefferson City, Mo.-based company that helps college athletic departments negotiate sponsorship and licensing deals, according to Bloomberg. A deal could be valued at upwards of $1 billion. Read more.

OTHER DEALS

• No other deals this morning.

FIRMS & FUNDS

• Apax Partners is no longer offering LPs the choice of deal-by-deal carry, as part of a new fundraise that could garner a total of $9 billion ($7.9b already committed), according to Private Equity International. The publication previously reported that Apax was offering investors the choice of deal-by-deal carry distribution and a European waterfall. Read more.

• Arbor Investments, a Chicago-based private equity firm focused on the food and beverage industry, has closed its fourth fund and its first subordinated debt fund with a combined $890 million in capital commitments. www.arborpic.com

• Audax Group has closed its fourth mezzanine fund with $1.2 billion in capital commitments. www.audaxgroup.com

• Dyal Capital Partners has acquired a minority stake in the management company of private equity firm Silver Lake. No financial terms were disclosed. www.silverlake.com

• Fontinalis Partners, a Detroit-based venture capital firm focused on transportation technologies, has closed its second fund with $100 million in capital commitments. www.fontinalis.com

• IDG Capital Partners closed its third China-focused venture capital fund, in partnership with Breyer Capital (which will serve as both a GP and LP). www.idgvc.com

• Polaris Partners is targeting $400 million for its eighth fund, according to a regulatory filing. Firm co-founder Terry McGuire is not listed as a general partner. www.polarispartners.com

MOVING IN, ON & UP

• David DeMilt has joined Z Capital Group as a managing director of corporate development. He previously was with Oaktree Capital Management. www.zcapgroup.net

• Stephen Lee has joined Goodwin as a Los Angeles-based partner in the law firm’s private equity practice. He previously was with K&L Gates. www.goodwinlaw.com

• Bryan McGee has joined law firm Gibson, Dunn & Crutcher LLP as a New York-based of counsel focused on private investment funds. He previously was with Simpson Thacher & Bartlett. www.gibsondunn.com

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