Permira, Already Said To Be Prepping $15bn Flagship Fundraise, Reportedly In Market For $2.5bn Growth Fund

Private Equity major Permira is reportedly back in the fundraising market eyeing about $2.5bn for its second growth fund.

The UK-headquarted firm collected $1.7bn for the final close of its debut Permira Growth Opportunities fund two years ago.

Permira is hoping Fund II will be almost 50% larger according to the Wall Street Journal, which cited unnamed people it said were familiar with the matter.

The firm has been tapping Fund I to buy minority stakes in technology and technology-enabled businesses, making investments valued between $150m and $500m.

Permira collected $11bn for its most recent flagship buyout fund, Permira VII, towards the end of 2019.

The firm hit its hard cap for Permira VII after just nine months on the road, marking a massive jump from the €7.5bn it gathered for its predecessor vehicle just two years earlier.

Last month reports began emerging that the firm was already prepping for its Fund VIII raise, which could collect more than $15bn.

That vehicle is focused on consumer, healthcare, technology and services businesses.