DEAL - FUND - FUNDFORMATION - PRIVATEEQUITY
Arendt & Medernach acted as Luxembourg counsel to Permira in connection with the formation of Permira VIII, its latest flagship global buyout fund. The fund exceeded its initial target of EUR 15 billion, hitting EUR 16.7 billion in total commitments.
The fund is expected to follow Permira's long-term strategy of partnering with market-leading businesses in the technology, consumer, financial services, healthcare, industrial technology, and services industries that benefit from strong and resilient underlying growth drivers. The fund also helps support Permira's focus on ESG and sustainability and will aim to adhere to specific, fund-level targets relating to climate, gender diversity and governance.