Warburg Nearing Close of New Vehicle with Approximately $12B
October 07, 2015
Warburg Pincus is said to have raised approximately $12 billion in around six months for its 12th flagship fund. The vehicle is reportedly planning on holding a formal close on or around November 19. While PE firms may have struggled to find attractive assets with the current valuation environment, fundraising into large vehicles has remained strong; as of the end of September, $45 billion of all U.S. PE capital raised in 2015 has been in vehicles sized over $5 billion, according to PitchBook data. Warburg Pincus Private Equity XI, the new fund's predecessor, closed on $11.2 billion in May 2013 and has generated an IRR of 19.70% as of 2Q.