Permira gears up for second Growth Opportunities fund

A source close to the situation told Unquote that the fund has a target of $2.5bn.

Permira filed a registration document for a "Permira Growth Opportunities II GP" vehicle with Luxembourg's Registre de Commerce et des Sociétés on 8 March.

The fund is expected to follow the same strategy as its predecessor, Permira Growth Opportunities I, which held a final close on $1.7bn in June 2019.

The vehicle makes strategic minority investments in high-growth technology-enabled businesses on a global scale.

Its portfolio includes Swedish financial technology business Klarna; Dutch online auction platform Catawiki; and Switzerland-based employee experience software Nexthink.

Permira is also investing its flagship buyout fund, Permira VII, which held a final closing in October 2019, hitting its €11bn hard-cap.

The vehicle deploys equity tickets of €250m-1bn in businesses with enterprise values in the €500m-3bn range. It invests in companies primarily based in Europe, but also targets US and Asia-headquartered businesses, helping them build a presence in the European marketplace.

The fund targets the consumer, financial services, healthcare, industrials and technology sectors.

Permira had not returned a request for comment at the time of publication.

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