Permira holds final close for latest CLO fund on €275m
Permira Debt Managers has held a final close for its fourth structured credit vehicle Permira Sigma IV on €275m.
The new fund will make long-term investments in the primary and secondary collateralised loan obligations (CLO) markets. It will specifically target the most junior elements of the CLO capital structure and has already made 12 investments since its first close in March 2016.
Having raised three CLO funds between 2010-2012, Sigma IV is the first CLO-dedicated vehicle raised by Permira in four years. Its predecessors are all fully invested.
Aerius Associates acted as placement agent in the fundraising, which received commitments from new and existing LPs.
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