Permira targets $ 2.5 billion for its Second Growth Opportunities Fund
Permira aims to raise some $ 2.5 billion for its second growth fund focused on investing in smaller and growing tech companies, people familiar with the fund said.
If the London-based company hits its target, the new fund would be 47% larger than its predecessor. Its first growth technology vehicle, Permira Growth Opportunities I LP, closed with $ 1.7 billion in July 2019.
Overall, Permira supports investments in consumer, healthcare, tech and service companies, according to the company’s website. The firm is investing in buyouts through its major private equity funds and raised € 11 billion (the equivalent of about $ 13.39 billion) for the latest, Permira VII LP, in the fall 2019.
Its growth opportunities funds, however, typically focus on minority positions in companies that fall outside the mandate of its flagship funds, WSJ Pro Private Equity previously reported. The strategy places particular emphasis on technology and digital companies, the company’s website says.
Permira has supported at least eight companies as part of its growth strategy, the website says. Most recently, the company led the $ 180 million Series D funding round for Nexthink SA, which valued the Swiss-based digital employee management software provider at $ 1.1 billion.