<article>Private equity firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=warburg+pincus" target="_blank">Warburg Pincus</a>, an active investor in the Asian region, has raised a big-ticket $12 billion in its latest fund Warburg Pincus Private Equity XII (Warburg Pincus XII), according to an announcement.</article>

Private equity firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=warburg+pincus" target="_blank">Warburg Pincus</a>, an active investor in the Asian region, has raised a big-ticket $12 billion in its latest fund Warburg Pincus Private Equity XII (Warburg Pincus XII), according to an announcement.
The PE firm has completed the fundraise for its XII fund in just six months from the time it was announced in May this year. It has received commitments in excess of $12 billion hard cap.
“Global growth investing, alignment of interests, proprietary deal sourcing, adding value to our portfolio companies – these elements have long been central to the success of our business model and this fund&#8217;s overs-subscription affirms our differentiated approach to private equity investing,&#8221; said Charles R Kaye, co-CEO, Warburg Pincus.
“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,&#8221; added Joseph P. Landy, co-CEO Warburg Pincus.
In its Asia portfolio, the PE firm has made maximum number of investment in China followed by India. In July 2015, Warbug Pincus invested Rs 1,800 crore in Piramal Realty, the real estate development arm of <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Piramal+Group" target="_blank">Piramal Group</a>, to pick a minority stake. The PE firm also committed to invest Rs 850 crore into logistics startup Ecom Express.
Last year, it invested in auto classifieds firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=cartrade" target="_blank">CarTrade</a>, jewellery retailer Kalyan Jewellers and active pharmaceutical ingredients (APIs) developer <a style="color: #000080;" href="http://www.lauruslabs.com/" target="_blank">Laurus Labs</a>, according to its website.
Meanwhile, the firm made an exit also in April 2015 by selling its entire 27 percent stake in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Metropolis+Healthcare" target="_blank">Metropolis Healthcare Ltd</a>, which operates a chain of pathology laboratories in India and abroad.
This was the first exit in last couple of years as it had exited <a style="color: #000080;" href="http://www.havells.com/" target="_blank">Havells</a> and sold stake in <a style="color: #000080;" href="http://www.atgtire.com/" target="_blank">Alliance Tire</a> to <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=kkr" target="_blank">KKR</a> in 2013.
The other companies like Indiabulls, a subsidiary of private housing finance company Indiabulls Housing Finance Ltd (IBHFL), has also launched Rs 300 crore fund this year to invest in Indian real estate space.
The investors of Warbarg Pincus XII includes leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals besides investors from outside US, the PE firm said in a press release.
Warburg Pincus, a PE firm focused on growth investments, has over $40 billion assets under management. It invests globally across the sectors like energy, financial services, healthcare, consumer, industrial and business services (IBS), technology, media and telecommunications (TMT).
Since its inception in 1966, New York-headquartered PE firm has raised 15 private equity funds, which have invested more than $50 billion in over 720 companies in over 35 countries.
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Priate equity firm Warburg Pincus has raised $12 billion in its latest fund Warburg Pincus Private Equity XII (Warburg Pincus XII).

Warburg Pincus raises $12b for new global PE fund

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