Private Equity firm, Warburg Pincus is seeking to raise a $12 billion global fund. In addition to investing in leveraged buyouts, it makes venture capital and growth equity investments.
Warburg Pincus Private Equity XI, the $11.2 billion fund that it had raised in 2013, has carried out more than 50 deals to date, with the average equity commitment at between $100 million and $200 million. The fund had invested in companies that include Venari Resources, a start-up focused on deepwater oil exploration and production in the Gulf of Mexico; CarTrade, a car rental company in China; and InComm, a global prepaid product, services and transaction technologies company.
Founded in 1966, Warburg Pincus has raised 13 private equity funds, which has invested more than $48 billion in over 700 companies in more than 35 countries. It has more than $37 billion in assets under management and its active portfolio is diversified by stage, sector and geography. The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mauritius, Mumbai, San Francisco, São Paulo and Shanghai.
Warburg Pincus funds typically charge a management fee of 1.5% or less of the investor’s capital and a performance fee of 20% of fund’s profits.