Permira, the international private equity firm, today announced the successful final close of its global private equity fund, Permira V, at the hard cap of
The new fund will follow Permira's long-term investment strategy of identifying market-leading businesses that benefit from structural growth drivers and have significant potential to expand internationally. Origination will continue to be led by the firm's five global sector teams - consumer, financial services, healthcare, industrials and TMT - with an emphasis on identifying proprietary opportunities.
Permira V has already committed capital to six market-leading growth companies. These investments include: iconic footwear brand Dr. Martens,
Permira V received strong backing from existing investors, representing 72% of total committed capital, and also welcomed a number of new investors from across the globe. The fund has a well-balanced geographic composition with approximately 40% of total commitments coming from
Kurt BjÖrklund, co-managing partner at Permira, added: "Permira V has had a strong start and we are excited by the growth prospects of the six companies the fund has already acquired. The recent pace of investment reflects the outstanding pipeline of attractive opportunities that our five global sector teams have been able to identify, largely on a proprietary basis."
Permira's previous private equity fund, Permira IV, which was raised in 2006, grew by 30% in value in 2013 and is valued at a net multiple of 1.5x original cost at
Permira is an international private equity firm. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. Founded in 1985, the firm advises funds with a total committed capital of approximately
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