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Laxman Pai, Opalesque Asia: British global investment firm Permira has exceeded its target to close its second Growth Opportunities fund at $4 billion, more than doubling the size of an earlier fund in the series.
Following strong investor demand, the PGO II exceeded its target of $2.5 billion and closed at its hard cap, said a press release from the growth-focused, global PE firm.
PGO II builds on Permira's technology and digital investing strategy. It has already partnered with four companies: AllTrails, Carta, mParticle, and Sysdig, according to a statement.
Phil Guinand, Head of Permira Growth Opportunities said: "Our mission is to back disruptors that are investing heavily in product and people, leveraging the Permira platform to support them in areas such as product leadership, international expansion, go-to-market development, strategic M&A, and accessing public markets. We believe strongly in our approach and are excited to continue partnering with teams around the world as they transform their businesses into industry leaders."
"The PGO strategy leverages our global footprint and proven expertise in technology and digital investing to execute quickly," added Kurt Björklund, Managing Partner at Permira. "We are grateful for the level of support from both new and existing investors, and look forward to continuing to deliver value for them following this significant firm milestone."
The Fund is backed by a well-diversified, long-standing, global inves...................... To view our full article Click here
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