Deals
Warburg Pincus Said to Get $12 Billion in Six Months for Deals
- Compares with industry average of 16 months for fundraising
- Blackstone, KKR and TPG also gathering money for new pools
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Warburg Pincus, the private equity firm that traces its history to 1939, collected $12 billion in about six months for its latest fund, three people with knowledge of the matter said.
The firm plans to formally close the pool, its 12th main fund, to investors on or around Nov. 19, said the people, who asked not to be named because details are private. Warburg Pincus is asking clients to submit their subscription documents by Nov. 2.