Warburg announces fund closure
Updated: 2013-05-14 13:35
By Cai Xiao (chinadaily.com.cn)
|
|||||||||||
Warburg Pincus, a leading global private equity firm, announced on Monday the closure of a key investment fund.
The fund, Warburg Pincus Private Equity XI, had reached $11.2 billion.
"China continues to be an attractive market for Warburg Pincus with investment opportunities in growth companies in our key sectors of expertise, such as consumer and retail, healthcare and TMT," Sun Qiang, managing director and head of North Asia for Warburg Pincus, said.
The closure of WP XI follows a very active 2012 in which the firm invested over $2.3 billion in 28 new companies and made follow-on investments into several existing companies.
Warburg Pincus has been active in China since 1994. To date the firm has invested over $4 billion in 80 companies. The current portfolio includes more than 40 companies, including China Auto Rental, Kidswant, Asian American Gas, Red Star Macalline, Lepu Medical and Franshion Properties.
Related Stories
PE, VC markets raise $6.9 billion in April 2013-05-07 20:55
China's PE investors seek new opportunities 2012-11-01 13:45
PE, VC not to be included in investment funds law 2012-12-21 16:47
Secrets of a successful PE firm 2012-09-20 09:38
Today's Top News
Chinese Premier on first foreign trip
China visit first step to Greece's investment return
PBOC faces balancing act with rate, inflation
China to simplify foreign exchange rules on FDI
Market to play bigger role in economic innovation
Economic issues to be priority of Li's 1-week trip
Work with Red Cross to get boost
Taiwan protests against Philippines over shooting
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Special: Have some more tea |
Quake prompts growth in NGOs |
Flash quit |
Jaywalkers tread with care |
Old case returns to public eye |
Wetlands a world for birds |