Associate, Portfolio Reporting & Valuations (Technology)

About Permira

Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of approximately €80bn. The Permira private equity funds make both long-term majority (Buyout) and minority (Growth Equity) investments in four key sectors: Technology, Consumer, Healthcare, Services. The Permira credit funds support businesses with flexible financing solutions across Direct Lending, Strategic Opportunities and CLO Management. Established in 2007, the firm advises investment funds and products which have provided approximately €20 billion of debt capital to over 300 businesses.

The Associate will join the Global Portfolio Reporting & Valuations (PRV) team in Madrid, with primary responsibility for a portfolio of European Technology investments. The PRV team (Madrid & Tampa) is responsible for:

• Portfolio data governance and integrity
• Performance analytics and investment case tracking
• Quarterly fair value assessment (valuations) across ~85 companies
• Valuation audit coordination and documentation

This role combines financial analysis, valuation modelling, portfolio company engagement and systems development. PRV operates as a centralised function with a dual mandate:

• Firm-wide mandate:
  Provide Permira leadership with a consolidated, consistent and governance-compliant view of portfolio performance and valuation across funds.
• Sector mandate:
  Partner closely with each of Permira’s four sectors, delivering sector-specific analytics, data support and valuation insight tailored to investment team needs.

KEY RESPONSABILITIES:

Valuation

• Lead quarterly fair value assessment for assigned assets
• Develop and maintain valuation models (comps, transactions, scenarios)
• Document methodology and assumptions in line with IPEV and audit standards
• Support fund-level audit and governance processes

Performance Analytics

• Deliver forward-looking performance analysis (not only historical reporting)
• Analyse performance vs. underwriting case and budget
• Identify early signals on revenue quality, margin pressure, working capital or liquidity
• Provide structured commentary to IC, ExCo, Capital Formation, Financing teams as well as sectors and DTs

Data & Reporting Governance

• Own monthly data collection and validation process
• Ensure KPI definitions are consistent and meaningful
• Improve accuracy, completeness and timeliness of portfolio data
• Lead onboarding of new investments onto internal systems

Forward-Looking & Exit Modelling

• Support deal teams on exit case scenarios and sensitivity analysis
• Assess implications of operational changes on valuation
• Support capital structure analysis and refinancing scenarios
• Provide analytical input into hold/sell discussions

DESIRED EXPERIENCE:

• 3–5 years experience in: Transaction Services / Valuation Advisory or Private Equity portfolio monitoring or Technology-focused investment banking (preferred)
• Fluent in English
• Strong understanding of software and recurring revenue models
• Advanced financial modelling capability

KEY ATTRIBUTES:

• High analytical rigor and attention to detail
• Structured thinker with strong ownership mindset
• Comfortable engaging with CFO-level stakeholders
• Able to manage competing deadlines during valuation cycles
• Systems-oriented and process-improvement driven
• Effective communicator across investment and operational teams
• International mindset; comfortable working across offices

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