Warburg Pincus Said to Return $6.1 Billion to Clients

Warburg Pincus LLC, the private- equity firm that owns Neiman Marcus and Interactive Data Corp., handed back $6.1 billion to clients last year as a stock-market rally drove sales of company shares, according to a person familiar with the matter.

Distributions to investors were 36 percent higher than the $4.5 billion in 2011, and exceeded the $2.3 billion Warburg Pincus invested in 28 new companies and several follow-on deals last year, said the person, who asked not to be identified because the information is private.

Jeffrey Smith, a spokesman for Warburg Pincus, declined to comment.

Warburg Pincus sold shares in public portfolio companies during the last three months of the year including Ziggo NV (ZIGGO), a Dutch cable company; Webster Financial Corp. (WBS); Primerica Inc. (PRI) and Intime Department Store Company Ltd. Warburg Pincus’s portfolio company Fidelity National Information Services Inc., a provider of banking and payment technology, in December agreed to repurchase $200 million of common stock from the private-equity firm’s ninth fund.

Warburg Pincus, which in September 2011 started seeking $12 billion for its latest fund, has so far closed on $7 billion, said the person.

The firm’s prior fund, which gathered $15 billion in 2008, was generating a 1.15 times multiple and a 5.5 percent net internal rate of return as of Sept. 30, according to performance data by Oregon Public Employees’ Retirement Fund.

To contact the reporter on this story: Sabrina Willmer in New York at swillmer2@bloomberg.net

To contact the editor responsible for this story: Josh Friedman at jfriedman25@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.