Warburg Pincus Announces $2.2B Continuation Fund
Deal News | Dec 16, 2024 | Warburg Pincus
Warburg Pincus has announced the successful first close of its inaugural multi-asset continuation fund transaction, raising over $2.2 billion in commitments. The deal was fully capitalized by lead investors HarbourVest Partners, Ardian, and the Canada Pension Plan Investment Board (CPP Investments), with no syndication needed. The fund offers Limited Partners the option to secure returns immediately or continue investing in Warburg Pincus's diversified portfolio companies for future growth potential. This transaction equips the portfolio companies with the necessary time and resources to enhance their valuation growth under the guidance of Warburg Pincus. The firm prides itself on delivering value to investors and maintaining a net capital return in nine of the past ten years. Legal and financial advisory services were provided by Kirkland & Ellis and Evercore, respectively.
Sectors
- Private Equity
- Financial Services
Geography
- United States – Warburg Pincus is headquartered in New York, and this is a significant market for the firm.
- Global – The portfolio companies within the fund are diversified across various geographies, indicative of global investment activities.
Industry
- Private Equity – Warburg Pincus is involved in the creation of a continuation fund, a key activity within the private equity sector.
- Financial Services – The transaction involves significant financial advising and structuring elements, typical of the financial services industry.
Financials
- $2.2 billion – The capital raised for Warburg Pincus's multi-asset continuation fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Warburg Pincus | Private Equity Firm | Company | A pioneer in global growth investing, currently managing over $86 billion in assets. |
| HarbourVest Partners | Co-Lead Investor | Company | A global private markets investment firm that co-led the fund. |
| Ardian | Co-Lead Investor | Company | A private equity investment company based in Europe, co-leading the fund. |
| Canada Pension Plan Investment Board (CPP Investments) | Co-Lead Investor | Company | A professional investment management organization that invests the assets of Canada Pension Plan, co-leading the fund. |
| Kirkland & Ellis | Legal Advisor | Company | Provided legal counsel to Warburg Pincus for the transaction. |
| Evercore | Financial Advisor | Company | Served as the financial advisor to Warburg Pincus. |
| Jeffrey Perlman | CEO, Warburg Pincus | Person | CEO of Warburg Pincus, instrumental in the firm's strategic operations. |
| Eddie Huang | Managing Director, Global Head of Fundraising and Investor Relations, Warburg Pincus | Person | Oversees fundraising and investor relations at Warburg Pincus. |