FUNDRAISING NEWS | December 16, 2024
Tags: Private Equity, Fundraising
Warburg Pincus secured over $2.2B in committed capital from lead investors HarbourVest Partners, Ardian, and Canada Pension Plan Investment Board, on the first close of its first multi-asset continuation fund.
The fund provides investors an “option to take accelerated liquidity at a market-driven price,” while extending Warburg Pincus’ investments in its portfolio companies through additional growth capital, Eddie Huang, global head of fundraising and investor relations, said in a statement announcing the first close. Evercore is serving as financial advisor and Kirkland & Ellis as legal advisor for Warburg Pincus for the fundraiser.
To date, Warburg Pincus said it has an active diversified portfolio of over 230 companies, and has historically invested in more than 1,000 businesses through its alternative investment funds. The global private equity investor oversees approximately $86B in AUM.
Written By: Dakota
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