Warburg Pincus, a global private equity firm, closed a new global fund, at $11.2 billion.
Warburg Pincus Private Equity XI, L.P. was supported by public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals.
The fund will invest in growth companies in the firm’s key industry sectors (Energy, Financial Services, Healthcare, Technology, Media and Telecommunications, and Consumer, Industrial and Services) across the globe.
Led by Co-Presidents Joseph P. Landy and Charles R. Kaye, Warburg Pincus has more than $40 billion in assets under management with an active portfolio of more than 125 companies.
Founded in 1966, the firm has raised 13 private equity funds which have invested more than $45 billion in over 675 companies in more than 35 countries.
It has offices in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mumbai, Port Louis, San Francisco, Sao Paulo and Shanghai.