Permira Advisers Ltd. closed its latest buyout fund after it reached its hard cap of €11 billion in commitments.

Funds raised by Permira VII will be invested in technology, consumer, financial services, healthcare, industrial technology and services industries.

The fund has already committed to two new investments.

The London-based private equity firm started raising cash for Permira VII in January. It received strong support from existing investors and new investors also made commitments.

The global private equity firm said it also raised a $1.7 billion Growth Opportunities Fund earlier in 2019. The fund is focused on minority equity investments in fast-growing tech-enabled businesses.