PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Permira Growth Opportunities closes second fund at USD4bn

Permira, a growth-focused, global private equity firm, has held the final close of Permira Growth Opportunities’ second fund (PGO II), with total capital commitments of USD4 billion. 

Permira, a growth-focused, global private equity firm, has held the final close of Permira Growth Opportunities’ second fund (PGO II), with total capital commitments of USD4 billion. 

Following strong investor demand, the fund exceeded its target of USD2.5 billion and closed at its hard-cap, more than twice the size of its predecessor fund.
 
Permira launched Permira Growth Opportunities, a minority-focused growth investing strategy, in 2018 to leverage its global footprint, operating resources and sector expertise to create a differentiated approach that creates value for disruptive, high-growth companies, management teams and founders as they accelerate and scale for the future. The strategy builds on the firm’s 30-plus year proven track record in technology and digital investing to be a partner of choice for entrepreneurs, management teams, existing investors and board members.
 
PGO II has already partnered with four market leading companies – AllTrails, Carta, mParticle and Sysdig – building on the strong momentum of the first fund and taking the total number of investments made by the strategy to 17.
 
The Fund is backed by a well-diversified, long-standing, global investor base comprising blue-chip institutions including pension funds, government entities and insurance companies.

Permira Growth Opportunities closed its first fund in July 2019 at USD1.7 billion.
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured