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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.