Warburg Pincus Said To Seek $1.6B For Dedicated Financial Services Fund

May 3 2017 | 9:06pm ET

Private equity firm Warburg Pincus is reportedly hoping to raise $1.6 billion for a new fund that will be dedicated to investments in the financial services sector. 

The dedicated vehicle would be the company’s first to target the sector, according to a Bloomberg article citing unidentified individuals familiar with the matter. Marketing efforts are apparently underway and the firm is aiming for an initial close this December, the article added. 

Although generally investing from one global pool, Warburg has done strategy-specific funds before – one aimed at Chinese opportunities and one on energy deals. These buyout vehicles shared investments evenly with the main PE fund, Bloomberg reported, and the new financial services pool is expected to do the same. 

Founded in 1966, New York-based Warburg Pincus is private equity firm with more than $44 billion in assets under management in a diversified active portfolio of more than 140 investments. Since inception, Warburg Pincus has raised 16 private equity funds, which have invested more than $60 billion in over 780 companies in more than 40 countries, including almost $8 billion into financial services since 2005.

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...


FINalternatives Trending

From the current issue of