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Warburg Pincus raises $15 bn for global fund

Warburg Pincus raises $15 bn for global fund
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First Published: Tue, Apr 22 2008. 12 22 PM IST
Updated: Tue, Apr 22 2008. 12 22 PM IST
Reuters
New York: Private equity firm Warburg Pincus has raised $15 billion for a global fund, at a time when buyouts and mergers are facing a tough time amid a deep global credit crisis.
The fund will be invested in line with the private equity firm’s focus on businesses across North America, Europe and Asia, Warburg Pincus said in a statement.
Investors in the fund include the Washington State Investment Board and GE Asset Management and first-time investors such as the Universities Superannuation Scheme and the Teacher Retirement System of Texas.
More than 40% of its investments are currently outside the United States, according to the firm that has over $35 billion of assets under management.
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First Published: Tue, Apr 22 2008. 12 22 PM IST