Warburg Pincus Closes 11th Fund At $11.2 Billion

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."


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...