Permira announced Thursday the final closing of its latest global private equity fund, Permira V, at its €5.3 billion ($7.2 billion) hard cap.
The fund focuses on market-leading companies that have an international growth component, said a person familiar with the firm.
The fund's predecessor, Permira IV, raised about €11 billion.
Permira V already committed capital to six companies: footwear brand Dr. Martens, U.K wealth management specialist Bestinvest, Canadian nutrition specialist Atrium Innovations, American online legal services provider LegalZoom, German specialty chemicals business CABB and remote access software company TeamViewer, according to a news release from Permira.
Following the completion of those investments, the fund will have called 27% of committed capital from its investors, according to the release.
Investors in the fund include the $98.1 billion Washington State Investment Board, Olympia; $180.3 billion Florida State Board of Administration, Tallahassee; and $75 billion Minnesota State Board of Investment, St. Paul.
