Wednesday, 2 September 2015
Last updated 20 min ago
Apr 22 2008 | 10:17am ET
Warburg Pincus has closed its latest private equity offering, Warburg Pincus Private Equity X, at a whopping $15 billion. The fund will invest in core industry sectors consistent with the firm's growth-oriented strategy to focus on early-stage, growth and late-stage businesses across North America, Europe and Asia.
The fund's investors include leading public and private pension funds, endowments and global financial institutions including the Washington State Investment Board and GE Asset Management. The fund also attracted other first-time investors, including the Universities Superannuation Scheme and the Teacher Retirement System of Texas.
“We are gratified that limited partners continue to be attracted to our unique model – to invest across domains, geography and across company stage of life out of a single, global fund,” said Joseph Landy, co-president of Warburg Pincus. “We have a time-tested approach–growth investing in growth-oriented regions. This is a particularly attractive investment strategy in the current environment.”
Warburg Pincus currently manages more than $35 billion of total assets.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…