Industry News
Warburg Pincus Completes Fundraising for US$12b Global Private Equity Fund
23 November 2015
(Press Release) Warburg Pincus, a leading global private equity firm focused on growth investing, today announced it has successfully raised its latest global fund, Warburg Pincus Private Equity XII, L.P. (“Warburg Pincus XII”). Launched in May 2015, Warburg Pincus XII has received third party commitments significantly in excess of its $12 billion hard cap.
Warburg Pincus XII’s Limited Partners include leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals. In addition to the strong overall demand, Warburg Pincus XII received considerable participation from investors outside the United States, which reflects the firm’s international investing model.
“We are pleased with the favorable reception to Warburg Pincus XII,” said Charles R. Kaye, Co- Chief Executive Officer. “Global growth investing, alignment of interests, proprietary deal sourcing, adding value to our portfolio companies – these elements have long been central to the success of our business model and this fund’s oversubscription affirms our differentiated approach to private equity investing.”
Warburg Pincus seeks to partner with management teams to build companies of sustainable value. The firm invests globally in businesses at all stages of development with a focus on five key industry sectors: Energy, Financial Services, Healthcare and Consumer, Industrial and Business Services (IBS) and Technology, Media and Telecommunications (TMT).
“Our global network and deep domain expertise allow us to find and invest in unique companies across sectors and geographies,” added Joseph P. Landy, Co-Chief Executive Officer. “This new fund will enable us to continue what Warburg Pincus has done for almost fifty years: investing with entrepreneurs and management teams, starting and building businesses that will generate persistent returns for our investors.”
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