PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Permira closes fund VII at EUR11bn

Provate equity firm Permira has held a final closing for its latest buy-out fund Permira VII (P7), at its hard cap with total commitments of EUR11 billion.

P7 will follow Permira’s long-term strategy of investing in market-leading businesses that benefit from strong and resilient underlying growth drivers. The Fund will continue to deploy across Permira’s key sectors: technology, consumer, financial services, health care, industrial tech and services.
 
The Fund was strongly supported by existing investors. In addition, a substantial number of new relationships across multiple geographies made commitments to P7.
 
Tom Lister, co-managing partner at Permira, says: “We are pleased to have achieved such a strong fundraising and particularly to welcome new investors and geographies alongside our existing relationships.”
 
Kurt Björklund, co-managing partner at Permira, adds: “We are encouraged by the opportunities that our sector teams and geographic offices identify and have confidence that we can continue to build on our successful track record, although discipline remains paramount given the challenging environment for investing.”
 
Fundraising for P7 commenced in January 2019. P7 has already committed to two new investments.
 
Earlier this year Permira closed its USD1.7 bllion Growth Opportunities Fund dedicated to minority equity investments in fast-growing and typically tech-enabled businesses.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured