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Warburg Pincus completes USD4bn global private equity energy fundraise

Private equity firm Warburg Pincus has closed Warburg Pincus Energy at USD4 billion, surpassing its fundraising target of USD3 billion and reaching the fund cap agreed with investors. 

Warburg Pincus Energy will be a companion fund to Warburg Pincus Private Equity XI, a USD11.2 billion global private equity fund, which closed in May 2013.  Warburg Pincus Energy was launched in November 2013 and held an oversubscribed first close in May 2014.
 
Warburg Pincus Energy will focus primarily on energy exploration and production (E&P) investing in North America and across the globe including Africa, Asia, Europe and Latin America. In addition to E&P, Warburg Pincus Energy will also pursue opportunities in the midstream, oilfield services, mining and power sectors around the world.    
 
Warburg Pincus' energy investments include Antero Resources, which represented the largest IPO of an independent E&P company, Targa Resources, Kosmos Energy, Laredo Petroleum, MEG Energy and Venari Resources. 
 
"We are pleased to announce the final close of our energy companion fund," says Joseph P Landy, co-chief executive of Warburg Pincus. "This successful fundraise reflects our strong track record and experience in energy investing globally as well as significant investor demand for the energy sector." 
 
Warburg Pincus Energy's limited partners are primarily existing investors in Warburg Pincus' funds include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals. 
 
"Warburg Pincus has unparalleled experience and an unmatched global network in private equity investing in the energy sector.  We have honed our approach over our decades of investing in the industry, enabling us to continue to find opportunities that will generate attractive rates of return for our investors," says Charles R Kaye, co-chief executive of Warburg Pincus.  

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