Permira has raised around €1.5bn towards its third debt fund, Permira Credit Solutions III, Real Deals understands.

The firm held an intermediary close for the fund this month at around €600m, which followed a first close in December 2016 at €900m.

The fund is expected to reach a final close at its hard cap at the end of June. It has made eight investments to date.

Permira reached a final close on its second debt fund in July 2015 at €800m.

Permira declined to comment.