Permira has closed its sixth flagship buyout fund on €7.5 billion, according to an AltAssets report, surpassing its initial €6.5 billion target after about a year of gathering commitments. The close comes two-and-a-half years after Permira raised €5.3 billion for its Fund V.
The new fund is by far the largest buyout vehicle raised so far this year and one of the 15 biggest closed in Europe this millennium, according to the PitchBook Platform. While the largest of those European funds were closed in 2006, 2007 and 2008—collected in the heady days before the financial crisis—there are quite a few more-recent vintages on the list, too.
Lee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More
Chief among them: Apax IX, which the London-based investor capped at $9 billion in late December. Last year also brought the close of the Sixth Cinven Fund on €7 billion, while in 2015 the Swedish firm EQT closed its seventh namesake vehicle on €6.75 billion.
Article by PitchBook