Warburg Pincus plans to raise US$12b global fund: sources
This comes two years after the company raised US$11.2b for its Warburg Pincus Private Equity XI fund
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New York
PRIVATE equity firm Warburg Pincus LLC has told investors it will seek to raise a new US$12 billion global fund, just two years after amassing a US$11.2 billion fund, according to people familiar with the matter.
The fund-raising comes as other private equity firms such as Blackstone Group LP and Silver Lake Partners LP take between four and six years on average to spend their investors' money in global funds of similar size.
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