According to sources familiar with the matter at hand, Warburg Pincus LLC aims to raise $16 billion from investors for its biggest ever flagship global private equity fund.
Warburg Pincus is in the “early stages of raising Warburg Pincus Global Growth 14, and prospective investors are already looking to make commitments to the fund”, said sources on the condition of anonymity since the matter is confidential.
A spokesperson for Warburg Pincus declined comment.
The Warburg Pincus Global Growth 14 fund is poised to surpass the Warburg Pincus Private Equity X, a $15.1 billion private equity fund the firm launched in 2007 – its largest to date.
In 2018, the Warburg Pincus Global Growth raised $15 billion and had generated a net internal rate of return (IRR) of 24.5% as of the end of June 2021, said a source.
As per another source, the $13.4 billion Warburg Pincus Private Equity XII and the $11.2 billion Warburg Pincus Private Equity XI generated an IRR of 21.7% and 13.5%, respectively, said another source.
Warburg Pincus, one of oldest private equity firms, was founded in 1966. It has $64 billion in assets under management (AUM) in sectors including technology, real estate, business services, and healthcare spread across Asia, Americas and Europe.
In addition to engaging in leveraged buyouts, Warburg is a leading venture capital and growth equity investor.