London, 19 December 2022 - Permira Credit, one of Europe’s leading alternative credit providers, today announces the final close of its sixth structured credit fund, Permira Sigma VI (“Sigma VI” or “the Fund”).
Sigma VI will follow the same strategy as prior Sigma funds, investing long-term capital in European CLOs, in both the primary and secondary markets. The Fund specialises in CLO rated and unrated notes, allowing Permira Credit’s credit-led approach to continue to differentiate itself in the market. The Fund has already made several investments, predominantly in the secondary market.
Investing in CLOs since 2010, the Sigma strategy has deployed over €1.8bn in the asset class. The Permira Credit team has built a strong track record in European structured credit on the back of its comprehensive understanding of European buyouts, CLO mechanics, documentation and a deep-dive approach to credit analysis.
Sigma VI is a private vehicle and the sixth Permira Credit fund targeting European CLOs. The first five funds (Sigma I, II, III, IV and V), closed between 2010 and 2019, and are now fully invested.