Permira closed its latest buyout fund, Permira VIII, at €16.7 billion ($17.8 billion), ahead of its €15 billion fundraising target, a spokeswoman confirmed.
The predecessor fund, P7, closed at €11 billion in 2019.
Among investors in the fund was the $72.7 billion Alaska Permanent Fund Corp., Juneau; the $80.1 billion Minnesota State Board of Investment, St. Paul; and the $173.3 billion Texas Teacher Retirement System, Austin.
P8 follows a thematic investment strategy, which is focused on long-term, structural and resilient growth trends.
The fund aims to meet climate, gender diversity and governance targets, the firm said in a news release Wednesday.