European private equity major Permira is reportedly already in talks to raise up to €10bn for its seventh flagship fund, just two years after closing Fund VI on €7.5bn.
That vehicle is already more than 50 per cent committed according to Bloomberg, which cited unnamed people it said were familiar with the matter.
It said Permira was likely to officially hit the fundraising trail for Fund VII next year, although no final decisions have been made and the fundraising target or timing may change.
Hitting €10bn would see Permira reach the largest total it has ever raised, eclipsing the €9.6bn it gathered for its 2006-vintage fourth flagship fund.
Like many private equity houses, Permira suffered a large writedown of its buyout investments in the wake of the financial crisis, and struggled to meet its previous fundraising heights with its next couple of main vehicles.
The firm took its time reaching a 5.3bn final close for Fund V, before recovering to seal a €7.5bn sixth fund two years ago.
Last month AltAssets revealed Permira had made a 5x return selling cloud digital commerce business Magento Commerce to computer software giant Adobe in a $1.68bn deal, AltAssets can reveal.
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