Warburg Pincus kicks in $200 mln to financial-services fund


Warburg Pincus, private equity
Former U.S. Treasury Secretary Timothy Geithner speaks at a discussion "Are we Safer? The Case for Updating Bagehot" during the IMF/World Bank annual meetings in Washington, U.S., October 8, 2016. REUTERS/Yuri Gripas - S1BEUFWAEEAA
Warburg Pincus closed its new financial-services fund on $2.3 billion, hitting the hard cap it set for outside investors. Roughly 60 percent of the fund’s limited partners have invested in previous Warburg Pincus funds, the firm says. The fund’s GPs committed ...

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