Permira, based in London, closed its second Fund at €3.53 billion and has made 17 investments so far

London-based Permira, a worldwide growth-focused private capital investor, announced the complete closure of Permira Growth Opportunities’ second Fund, “PGO II,” with total capital commitments of $4 billion (about €3.53 billion).

Following the financing, the Fund received tremendous investor interest, exceeding its target of $2.5 billion and closing at its hard-cap, more than double its predecessor fund.

Permira Growth Opportunities, a minority-focused growth investing strategy, was launched in 2018 to leverage Permira’s global footprint, operating resources, and sector expertise to create value for disruptive, high-growth companies, management teams, and founders as they scale for the future.

In July of this year, the first Fund was closed at a value of $1.7 billion.

PGO II, the firm’s second fund, has already made investments in four companies: AllTrails, Carta, mParticle, and Sysdig. Permira hopes to capitalize on the success of its initial Fund by increasing the number of investments made by the strategy to 17.

“We identify businesses with long-term growth drivers, typically with a market leadership position, and exposure to global growth opportunities.”

The company says,

“We are fortunate to have partnered with businesses whose founders, management teams, investors, and employees are defining their categories. This fundraising is a testament to their success and our commitment to being a long-term partner of choice for them,”

Phil Guinand, head of Permira Growth Opportunities.
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