Permira completed a $150m investment in AllTrails.

Permira, a global investment firm, completed a $150m investment in AllTrails, a developer of an online outdoor travel database. Spectrum Equity remains a majority owner. "AllTrails has spent a decade building the necessary content to become the definitive platform for people seeking to explore the outdoors. We are thrilled to be backing Ron and partnering again with Spectrum Equity and Tim Sullivan," Bruce Chizen, Permira Senior Advisor.