NEW YORK, Sept. 27 /PRNewswire/ -- Warburg Pincus announced the final closing of Warburg Pincus International Partners, L.P. (WPIP), a $2.5 billion private equity fund that will make venture capital and private equity investments in companies located outside of the United States. WPIP - the largest fund of its kind according to Venture Economics - will invest alongside Warburg Pincus Equity Partners, L.P., the firm's $5 billion global private equity fund established in 1998. Warburg Pincus' domestic and international investments are focused in core areas of expertise: communications, consumer products and services, financial services, healthcare, information technology, the Internet, media and natural resources. The fund will continue Warburg Pincus' long-standing practice of investing in companies at all stages of development, from venture capital start-ups, to developing companies, to buyouts and recapitalizations. Lionel I. Pincus, Chairman and Chief Executive Officer, said: "Our new fund benefits from both our global network and our substantial expertise in specific countries and regions around the world. As always, our approach will be to partner with talented management teams and utilize the skills of our professionals in the United States and internationally to produce significant long-term value for our investors." WPIP is the firm's second international private equity fund. The first international fund, Warburg Pincus Ventures International, L.P., was formed with $800 million of capital in November 1997 and is now fully invested. The firm has been making international investments since 1983. Warburg Pincus is a global private equity firm with approximately $12 billion under management in more than 165 companies around the world. The firm has over 90 professionals with offices in New York, Silicon Valley, London, Munich, Hong Kong, Singapore, Tokyo and Sao Paulo. Since 1971, Warburg Pincus' eight prior funds have invested $11 billion in 420 companies - including approximately $3.4 billion invested in more than 80 companies in 28 countries outside the United States.
SOURCE Warburg Pincus