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Permira reportedly in discussions with SVG about current and future fund commitments Permira reportedly in discussions with SVG about current and future fund commitments

18 Nov 2008. Source: AltAssets.
Buy-out house Permira is in negotiations with SVG Capital about SVG's commitments to the Permira Funds, according to various reports.

SVG is keen to re-negotiate agreements that determine the firm's funding of Permira's funds over the next five years, according to The Times. It is unclear whether SVG wants to reduce the amounts it has agreed to commit or discuss time scales or other terms and conditions.

Only last week, Permira offered its LPs help should they run into difficulties when trying to fulfil funding commitments.

The Carlyle Group has chosen a similar route, trying to help LPs survive the economic crisis and build stronger relationships for the long-term future.

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