European private equity firm Permira is reportedly set for a €5.3bn final close for its latest buyout fund in the next few days.
The fund is already a quarter invested according to PEI, which first reported the news.
AltAssets revealed in February that the firm has pulled in €5bn for Permira V, hitting its hard cap in the process.
It was thought at the time that the fund could end up at €5.3bn including the GP commitment.
Permira previously picked up a commitment from the University of Michigan, which allocated €15m towards its interim closing in April on €2.2bn.
Permira reportedly tried to attract LPs to the fund by offering a management fee discount for early investors, or those pledging more than €200m.
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