Permira has gathered 16 billion euros ($16 billion) for its new flagship buyout pool after passing the fund’s first close, people with knowledge of the matter said.
The UK alternative asset manager has already beaten its initial target of 15 billion euros, according to the people, who asked not to be identified because the information is private. It will continue to raise more funds from investors through the rest of the year, the people said.
The private equity firm raised 11 billion euros for its last flagship fund in 2019. A representative for Permira declined to comment.
Permira is raising money at a time when private equity fund investors are becoming more selective about the managers they back, as the major buyout firms shorten their fundraising cycles. That’s benefitting some of the largest buyout houses like Clayton Dubilier & Rice, Hellman & Friedman and Advent International.
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