Warburg Pincus Closes $15B Global Fund

NEW YORK CITY-Global private equity firm Warburg Pincus has closed its $15 billion fund, Warburg Pincus Private Equity X LP. The global fund will be invested 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.

A firm representative tells GlobeSt.com that the fundraising began or “was established” in 2007, but she could not provide further information regarding the fund noting that “we would like to limit our public statement to the press release.” Joseph Landy, co-president of Manhattan-based Warburg Pincus, says in a prepared statement that “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. 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 focuses on helping to create or build companies. This strategy encompasses conceiving and creating venture capital opportunities, providing capital to meet the needs of existing businesses, or investing in later-stage buy-outs and special situations, where growth is a key aspect of the investment thesis.

Landy

Over the past 30 years, Warburg Pincus has enhanced its global position by establishing a local presence around the world. The firm has developed domain expertise in a number of sectors, including consumer and retail, energy, financial services, healthcare and life sciences, industrial and technology, media and telecommunications, with many sub-sectors of specialization.

The firm made its first international investment in 1983. Warburg Pincus, which opened its London office in 1987 and its Hong Kong office in 1994, also has been an active investor in emerging markets including China, India and Central and Eastern Europe. Currently, more than 40% of Warburg Pincus’ investments and professionals are outside the US.