Monday, 30 March 2015
Last updated 2 days 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."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…