PRINT THIS PAGE Warburg Pincus closes $15bn fund22/04/2008. Source: AltAssets. 
Warburg Pincus has closed its latest private equity fund, Warburg Pincus Private Equity X, on $15bn, exceeding its target of $12bn. The fund focuses on early stage, growth and late stage businesses across North America, Europe and Asia. Among the existing investors are the Washington State Investment Board and GE Asset Management. The fund also attracted new investors, including the Universities Superannuation Scheme and the Teacher Retirement System of Texas.
Warburg Pincus co-president Joseph P Landy said, 'We are gratified that limited partners continue to be attracted to our unique model - to invest across domains, geography and across company stage of life out of a single, global fund. We have a time-tested approach - growth investing in growth-oriented regions. This is a particularly attractive investment strategy in the current environment.'
Warburg Pincus has more than $35bn of assets under management. The firm closed its previous private equity fund, WP IX, on $8bn in summer 2005.
Warburg Pincus invests in sectors including consumer and retail, energy, financial services, healthcare and life sciences, industrial and technology, media and telecommunications.
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