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Warburg Pincus plans to raise up to $4 billion for new China fund: Reuters

Nov 20, 2018 - peHUB

HONG KONG (Reuters) – Warburg Pincus LLC is looking to raise its second China-focused private equity fund of up to $4 billion, giving the U.S. investment firm more firepower to cut deals in the world’s second-largest economy, sources told Reuters.

The firm plans to formally launch the fundraising early next year, said the sources who declined to be named as the information was confidential. The move comes after it invested in Ant Financial’s $14 billion financing round in June.

Warburg Pincus’s new China fund will also invest alongside the firm’s latest global PE fund which is set to close in the coming months, said the sources. The two funds will contribute equally to Warburg Pincus’s future investments in China, they added...