October 16, 2019 / 2:50 AM / a month ago

Private equity firm Permira closes new fund at $12 billion

HONG KONG, Oct 16 (Reuters) - Permira, a global private equity firm, has closed its latest fund at 11 billion euros ($12.13 billion) of committed capital, the company said on Wednesday.

This latest buy-out fund, Permira’s seventh, will invest in businesses in the technology, consumer, financial services, healthcare and industrial technology industries. It has so far committed to two new investments.

Permira began raising cash for this fund at the start of 2019, and it said that existing investors as well as new ones had made commitments.

Earlier this year, the California Public Employees Retirement System disclosed it had committed 520 million euros to the fund. ($1 = 0.9069 euros) (Reporting by Alun John; Editing by Christian Schmollinger)

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