(Yicai Global) Dec. 15 -- Warburg Pincus, a leading New York-based global private equity firm, has raised a USD2 billion fund, its first dedicated to China, focused on investing in several mainland enterprises from healthcare firms to real estate companies.
Warburg Pincus said in a press release today, the new fund, Warburg Pincus China, L.P. will be a $2 billion companion fund to Warburg Pincus Private Equity XII, L.P., a USD13.4 billion global private equity fund that closed in late 2015.
Warburg Pincus China received third-party commitments in excess of its USD2 billion hard cap in six months.
Warburg Pincus China's Limited Partners are comprised of existing investors and new investors to the firm, including leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net-worth individuals.
The new fund will focus on the health, consumption, real estate, energy and industrials, financial services and technology, media and telecoms sectors.
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than USD40 billion in private equity assets under management.
Warburg Pincus' select current investments in China included Amcare, ANE Logistics, China Huarong Asset Management, China Kidswant, D&J China, ESR Group, Evercare, Hygeia, Liepin, Mofang Apartment, UCAR Inc., Uxin Ltd. and ZTO Express, among others.