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Laxman Pai, Opalesque Asia: Warburg Pincus, a global growth investor, has closed its first dedicated fund for a structured investing strategy that provides capital to businesses using a combination of debt, preferred equity, and asset-based finance.
According to a press release from the New York City-headquartered alternative investor, the new vehicle, Warburg Pincus Capital Solutions Founders Fund (WPCS FF), closed at $4 billion, double its initial $2 billion target.
"The fund is dedicated to pursuing thesis-based investing opportunities in curated structured transactions, capitalizing on the firm's nearly two-decade track record of structured investing," it said.
Leveraging Warburg Pincus' collaborative one-firm model, Capital Solutions professionals work closely with domain experts across Warburg Pincus' core sectors and geographies to source and execute structured, value-additive transactions, the release added.
As per the release, despite a challenging fundraising environment, the fund was met with strong support from leading world-class investors. WPCS FF follows the success of the firm's global flagship fund, Warburg Pincus Global Growth 14, which closed with $17.3 billion, also exceeding its initial target fund size of $16 billion.
Jeffrey Perlman, CEO, of Warburg Pincus said: "Our Capital Solutions offering looks to capitalize on the large and growing pipeline of structured investment opportunities, resulting in high-quality trans...................... To view our full article Click here
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