Permira levers direct lending fund up to €1.1bn

The fund raised just shy of €800 million from investors for direct lending across the capital structure to mid-market European borrowers.

Permira Debt Managers (PDM) has reached a final close of “circa €800 million” on its direct lending fund Permira Credit Solutions II. Combined with leverage on one segregated pool within the fund, total deployable capital is approximately €1.1 billion. 

The final fundraising total is close to €790 million, PDI understands.

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