Permira delays first close

Permira, which is seeking €6.5bn in total for the fund, told investors in November it would aim to raise a third of its target by the end of January 2013, according to the Financial Times.

The FT added that Permira also requested that investors willing to commit in the first close reveal themselves officially by January 25.

The delay brings Permira close to the end of its current fund's investment period. Permira IV held a final close on €9.6bn in September 2006; it has less than 10% in capital left to invest.

Permira is believed to have returned €3.4bn to investors last year. The value of its current fund increased by 29% last year – the vehicle posted a 30% gain and a 7% net annual return.

The firm advises funds with a total committed capital of approximately €20bn.

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• Topics
• Fundraising
• Permira