Pemira
They are obviously in some trouble with their investments but how do people in the forums rate this fund? Is it perceived to be top tier even in the US?
They are obviously in some trouble with their investments but how do people in the forums rate this fund? Is it perceived to be top tier even in the US?
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Do your research - they're the largest fund in Europe, with no contest - and likely the only European fund that the community would include in the group of megafunds (up there with BX, Carlyle, TPG). Besides their size (they're huge), I think they tend to make a lot of consortium investments when investing in the states (meaning they invest along side a domestic sponsor). Overall, top notch fund, I think.
Fund reduced due to loss in sharing . Trading around the world. CFD Trading
ok permira was briefly the biggest fund in europe, but had to cut size last year to appease investors and save SVG. Apax has largest european fund now by a comfortable margin and new CVC fund also bigger (heck, the old CVC fund incl. tandem is now bigger than Permira IV)
Anyhow, fund size pissing contests aside, am not impressed by their lack of market awareness (e.g. piling into stupid consumer stuff in 06-07), and they are basically only strong in the UK and maybe Germany. Their French team has been weak since forever (just changed management there again), their scandi presence is irrelevant, and their italian/spanish track record (besides maybe a couple well-timed bets on ferretti) is pretty unimpressive. As for US/ far-east it's even more of a joke. in four years they've done exactly nada stateside and plunked down only 800M in one investment in the galaxy macao casino business at exactly the peak of casino valuations (minority position, too...).
The talk in the euro PE community is more about whether they'll survive (they will, but in much reduced form) than whether they are a major player.
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