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PRINT THIS PAGE Warburg Pincus closes $8bn global PE fund as latest in series of mega funds15/08/2005. Source: AltAssets. 
 Warburg Pincus has held a final closing of Warburg Pincus Private Equity IX on $8bn. The firm's new fund will invest in companies across core industry sectors in North America, Europe and Asia and in early stage, growth and late stage businesses.
More than 80 per cent of the limited partners in WP IX were repeat investors. They include the Washington State Investment Board as the largest investor, the private equity firm said in a statement. New investors include the Oregon Public Employees Retirement System, Caisse de dépôt et placement du Québec and The Boeing Company.
Warburg Pincus co-president Joseph P Landy said, '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.
'It was gratifying to see the demand and enthusiastic support both from our existing limited partners and new investors,' Landy continued.
Charles R Kaye, also a Warburg Pincus co-president, added, '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 world.'
Warburg Pincus currently has $10bn under management and an active portfolio of more than 100 companies.
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