Warburg Pincus raises $12b for new global PE fund

From Warburg Pincus homepage

Private equity firm Warburg Pincusan 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’s overs-subscription affirms our differentiated approach to private equity investing,” 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,” 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 Piramal Group, 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 CarTrade, jewellery retailer Kalyan Jewellers and active pharmaceutical ingredients (APIs) developer Laurus Labs, according to its website.

Meanwhile, the firm made an exit also in April 2015 by selling its entire 27 percent stake in Metropolis Healthcare Ltd, 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 Havells and sold stake in Alliance Tire to KKR 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.

Also Read: 

India: Warburg Pincus, Embassy to invest $250m to build industrial parks

Warburg Pincus consortium adds $100m as follow-on investment in Vincom Retail

Warburg inks first Indonesia deal, forms $125m shopping mall JV

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.