Warburg Pincus has reached a final close of Warburg Pincus Private Equity XII, LP at the hard cap of $12 billion. Fundraising for the new fund began in May 2015.
Limited partners include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals. The fund received considerable participation from investors outside the United States, which according to Warburg Pincus, reflects the firm’s international investing model.
“We are pleased with the favorable reception to Warburg Pincus XII,” said Charles Kaye, Co-Chief Executive Officer. “Global growth investing, alignment of interests, proprietary deal sourcing, adding value to our portfolio companies – these are the elements that have long been central to the success of our business model and this fund’s oversubscription affirms our differentiated approach to private equity investing.”
Warburg invests globally in businesses at all stages of development with a focus on five industry sectors: energy; financial services; healthcare; consumer, industrial and business services; and technology, media and telecommunications.
“Our global network and deep domain expertise allow us to find and invest in unique companies across sectors and geographies,” said Joseph Landy, Co-Chief Executive Officer. “This new fund will enable us to continue what Warburg Pincus has done for almost fifty years: investing with entrepreneurs and management teams, starting and building businesses that will generate persistent returns for our investors.”
Warburg Pincus has more than $40 billion in assets under management and has now raised 15 private equity funds which have invested more than $50 billion in over 720 companies in 35 countries. The firm was founded in 1966 and is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mauritius, Mumbai, San Francisco, São Paulo and Shanghai (www.warburgpincus.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-30-15