Warburg Pincus LLC has raised $15.4 billion of a targeted $16 billion for its latest flagship global private equity fund – Warburg Pincus Global Growth 14 – that will acquire companies across industries around the world, according to a report by Reuters.
Warburg Pincus LLC has raised $15.4 billion of a targeted $16 billion for its latest flagship global private equity fund – Warburg Pincus Global Growth 14 – that will acquire companies across industries around the world, according to a report by Reuters.
The fund is the largest in the firm’s history surpassing the $15.1 billion raised for Warburg Pincus Private Equity X in 2007.
The report cites data from the Teachers’ Retirement System of the City of New York as revealing that the most recent Warburg Pincus Global Growth fund, which had raised $15 billion in 2018, generated a net internal rate of return (IRR) of 19.12% as of the end of June last year.
