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.
- Michelle lays roses at site along Berlin Wall
- Historic space lecture in Tiangong-1 commences
- 'Sopranos' Star James Gandolfini dead at 51
- UN: Number of refugees hits 18-year high
- Slide: Jet exercises from aircraft carrier
- Talks establish fishery hotline
- Foreign buyers eye Chinese drones
- UN chief hails China's peacekeepers
Most Viewed
Editor's Picks
Pumping up power of consumption |
From China with love and care |
From the classroom to the boardroom |
Schools open overseas campus |
Domestic power of new energy |
Clearing the air |
Today's Top News
Shenzhou X astronaut gives lecture today
US told to reassess duties on Chinese paper
Chinese seek greater share of satellite market
Russia rejects Obama's nuke cut proposal
US immigration bill sees Senate breakthrough
Brazilian cities revoke fare hikes
Moody's warns on China's local govt debt
Air quality in major cities drops in May
US Weekly
Geared to go |
The place to be |