Private Equity

Permira hunts for growth deals with $1.7bn fund

The firm’s debut growth fund will invest primarily in technology and tech-enabled companies

Permira is entering the market for growth-oriented technology investments with a $1.7bn debut fund devoted to the increasingly popular strategy.

The firm closed its Permira Growth Opportunities I vehicle last week, according to Phil Guinand, a Permira partner focused on technology. The new pool will generally take minority stakes in technology and tech-enabled businesses, with an emphasis on growth opportunities as opposed to acquiring control.

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