Warburg Pincus keeps attention firmly on China with new $2B fund
March 29, 2016
Warburg Pincus is looking to raise $2 billion for a China-focused PE fund, according to The Wall Street Journal. The new vehicle, which may close by December, will reportedly invest in tandem with Warburg Pincus Private Equity XII, a $12 billion fund closed in 2015.
Warburg Pincus's activity in China last year included investments in eDaijia, a provider of mobile-based designated driving services, and Yunniao Logistics. Earlier this year, the firm was rumored to be participating in a $450 million round for online banking business WeBank at a $5.5 billion valuation.
Want to see more on U.S. PE firms investing in Chinese companies? PitchBook clients can click here to see the full list of investors, their portfolio companies and more.