New York (ots/PRNewswire) - Warburg Pincus LLC, the global private
equity firm, today announced the final closing of Warburg Pincus
Private Equity IX, L.P. (WP IX). The US$8.0 billion global fund marks
the largest pool of capital raised by the firm since its
establishment in 1966. Consistent with Warburg Pincus' unique
investment strategy, WP IX will invest in companies across core
industry sectors in North America, Europe and Asia and in early
stage, growth and late stage businesses.
"We've built a successful institution that is capable of investing
with deep domain knowledge across all stages of a company's life
cycle on a global basis," said Co-President Joseph P. Landy. "It was
gratifying to see the demand and enthusiastic support both from our
existing limited partners and new investors."
In commenting further on the fund closing, Mr. Landy added:
"Warburg Pincus is well positioned for the future and will continue
its long heritage of investing in and creating leading businesses
Co-President Charles R. Kaye said: "We're pleased to have been
able to complete this fundraising in such a short span of time,
largely within our core investor base and by making limited
invitations to new investors. It is equally important, however, that
we've been able to consistently deliver attractive returns to our
investors for more than three decades."
Continuing, Mr. Kaye said: "We continue to believe opportunities
exist across a wide range of areas in North America, in Europe --
where we first began investing in 1983 -- and in Asia, where we've
been for more than a decade. And we've been able to accomplish this
as one of the only globally integrated private equity firms in the
More than 80 percent of the limited partners in WP IX were repeat
investors including, for example, the Washington State Investment
Board, which invested in four previous Warburg Pincus funds before
participating as the largest investor in WP IX.
Joseph A. Dear, Executive Director of the Washington State
Investment Board, said: "We like the depth of Warburg Pincus, its
global reach and its multi-stage strategy. We wanted to strengthen
our relationship because of our strong belief in the firm and its
WP IX also attracted a number of new investors including the
Oregon Public Employees Retirement System, Caisse de depot et
placement du Quebec and The Boeing Company.
The firm's domestic and international investments are focused in a
range of sectors including financial services, healthcare and life
sciences, industrial, information and communication technology, media
and business services, energy and real estate. Warburg Pincus
currently has more than US$10 billion under management and an active
portfolio of more than 100 companies. Warburg Pincus has 56 partners
and 120 professionals in New York, Menlo Park, London, Frankfurt,
Hong Kong, Beijing, Shanghai, Seoul, Tokyo and Mumbai.
For more information please visit http://www.warburgpincus.com.
Web site: http://www.warburgpincus.com
ots Originaltext: Warburg Pincus LLC
Im Internet recherchierbar: http://www.presseportal.ch
Julie Johnson Staples or Christopher Jun, Warburg Pincus,
+1-212-878-0600; or Sarah Gestetner of Citigate Dewe Rogerson,