Saturday, 26 July 2014
Last updated 9 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."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…