Warburg Pincus LLC is seeking to raise $16 billion from investors for its latest flagship global private equity fund, its biggest ever, according to people familiar with the matter.
The New York-based firm is in the early stages of raising Warburg Pincus Global Growth 14, and prospective investors are already looking to make commitments to the fund, said the sources, who requested anonymity because the matter is confidential.
A spokesperson for Warburg Pincus declined to comment.
The new fund is poised to surpass in size Warburg Pincus Private Equity X, a $15.1 billion private equity fund the firm launched in 2007 that had been its largest fund to date. Its Warburg Pincus Global Growth fund raised $15 billion in 2018 and had generated a net internal rate of return (IRR) of 24.5% as of the end of June, one of the sources said.
By Chibuike Oguh
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