Thursday, 18 September 2014
Last updated 5 hours ago
May 10 2013 | 12:48pm ET
Warburg Pincus has raised more than $11 billion for its latest private-equity fund, in one of the most successful fundraising campaigns the industry has seen since the financial crisis.
The firm's Private Equity XI has closed at $11.2 billion. Warburg Pincus has been raising money for the vehicle for about a year-and-a-half; it held its first close a year ago.
The new fund will focus on energy, financial services, technology and media, Warburg Pincus said.
Warburg Pincus raised $15 billion for its 10th fund, which closed in 2008.
"We are pleased to announce our final close," co-president Charles Kaye said. "This successful fundraise, in a challenging environment, was driven by strong support from both existing and new investors. We see this success as a clear endorsement by our investors of our global growth investing model."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.