Tuesday, 23 September 2014
Last updated 12 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.