European PE Giant Permira Looks to Buy Beaten Up Software Loans

Permira, the €85 billion ($98 billion) global private equity firm which lends to technology companies, is finding opportunity in software loans battered by fears of AI disruption.

“The market has overreacted,” according to Ian Jackson, Permira Credit’s head of strategic opportunities. “A lot of these names, we just don’t believe will go through restructuring,” he said on the latest Bloomberg Intelligence Credit Edge podcast.