Warburg Pincus Closes US$8 Billion Global Private Equity Fund

NEW YORK (USA) August 15 (PROTEXT/PRNewswire) - WarburgPincus LLC, the global private equity firm, today announced thefinal closing of Warburg Pincus Private Equity IX, L.P. (WP IX).The US$8.0 billion global fund marks the largest pool of capitalraised by the firm since its establishment in 1966. Consistentwith Warburg Pincus' unique investment strategy, WP IX willinvest in companies across core industry sectors in NorthAmerica, Europe and Asia and in early stage, growth and latestage businesses.

"We've built a successful institution that is capable ofinvesting with deep domain knowledge across all stages of acompany's life cycle on a global basis," said Co-President JosephP. Landy. "It was gratifying to see the demand and enthusiasticsupport both from our existing limited partners and newinvestors."

In commenting further on the fund closing, Mr. Landy added:"Warburg Pincus is well positioned for the future and willcontinue its long heritage of investing in and creating leadingbusinesses worldwide."

Co-President Charles R. Kaye said: "We're pleased to havebeen able to complete this fundraising in such a short span oftime, largely within our core investor base and by making limitedinvitations to new investors. It is equally important, however,that we've been able to consistently deliver attractive returnsto our investors for more than three decades."

Continuing, Mr. Kaye said: "We continue to believeopportunities exist across a wide range of areas in NorthAmerica, in Europe -- where we first began investing in 1983 --and in Asia, where we've been for more than a decade. And we'vebeen able to accomplish this as one of the only globallyintegrated private equity firms in the world."

More than 80 percent of the limited partners in WP IX wererepeat investors including, for example, the Washington StateInvestment Board, which invested in four previous Warburg Pincusfunds before participating as the largest investor in WP IX.

Joseph A. Dear, Executive Director of the Washington StateInvestment Board, said: "We like the depth of Warburg Pincus, itsglobal reach and its multi-stage strategy. We wanted tostrengthen our relationship because of our strong belief in thefirm and its exceptional capabilities."

WP IX also attracted a number of new investors including theOregon Public Employees Retirement System, Caisse de depot etplacement du Quebec and The Boeing Company.

The firm's domestic and international investments are focusedin a range of sectors including financial services, healthcareand life sciences, industrial, information and communicationtechnology, media and business services, energy and real estate.Warburg Pincus currently has more than US$10 billion undermanagement and an active portfolio of more than 100 companies.Warburg Pincus has 56 partners and 120 professionals in New York,Menlo Park, London, Frankfurt, Hong Kong, Beijing, Shanghai,Seoul, Tokyo and Mumbai.

For more information please visithttp://www.warburgpincus.com.Web site: http://www.warburgpincus.comSource: Warburg Pincus LLCJulie Johnson Staples or Christopher Jun, Warburg Pincus, +1-212-878-0600; or Sarah Gestetner of Citigate Dewe Rogerson, +44-20-7282-2920

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