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Permira’s Latest Buyout Fund Tops $11 Billion

London Offices Of Financial Ratings Agencies

Photographer: Jason Alden/Bloomberg

Permira is nearing a close for its seventh buyout fund, which has surpassed its 10 billion-euro ($11 billion) target, according to people with knowledge of the situation.

The private equity firm is still gathering cash from investors and expects to receive additional commitments from its own general partners, said the people, who asked to not be identified because the matter isn’t public. The firm raised 7.5 billion euros in 2016 for its sixth fund.