Warburg Pincus closes US$15bn fund

US private equity firm Warburg Pincus has announced the closing of its 10th fund, Warburg Pincus Private Equity X LP (WP X). The fund raised US$15bn after a year of fund raising, exceeding its US$12bn target and almost doubling Warburg Pincus’s previous fund, which raised US$8bn.

The fund proceeds will be used to invest globally, including in early stage, growth and late-stage businesses in emerging markets such as Eastern Europe and Asia, where Warburg Pincus has been active for over 10 years.

According to Warburg Pincus the fund’s success in a challenging debt environment was due to its having a low reliance on leverage as a growth-oriented investor investing across all stages of the company’s life cycle.

“We have a time-tested approach – growth investing in growth oriented regions,” said Joseph Landy, co-president of Warburg Pincus. “This is a particularly attractive strategy in the current environment.”