other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

As of Date 09/03/2024
Adviser Type - Large advisory firm
Number of Employees 775 0.13%
of those in investment advisory functions 271 1.12%
Registration SEC, Approved, 3/30/2012

Client Types

- Pooled investment vehicles
- Insurance companies

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

Discretionary
Non-discretionary
90B 77B 64B 51B 39B 26B 13B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count179 GAV$91,679,389,024

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser PLATINUM EQUITY ADVISORS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund48.4b Real Estate Fund19.3m Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV48.4b AUM48.4b #Funds131
Adviser ADVENT INTERNATIONAL, L.P. Hedge Fund- Liquidity Fund- Private Equity Fund87.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV87.0b AUM87.0b #Funds143
Adviser PATHWAY CAPITAL MANAGEMENT, LP Hedge Fund- Liquidity Fund- Private Equity Fund36.3b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV36.3b AUM87.8b #Funds92
Adviser HELLMAN & FRIEDMAN LLC Hedge Fund- Liquidity Fund- Private Equity Fund105.7b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV105.7b AUM105.7b #Funds42
Adviser TPG CAPITAL ADVISORS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund112.4b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV112.4b AUM112.4b #Funds99
Adviser BLACKSTONE ISG-I ADVISORS L.L.C. Hedge Fund- Liquidity Fund- Private Equity Fund835.7m Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV835.7m AUM132.7b #Funds4
Adviser BAIN CAPITAL PRIVATE EQUITY, LP Hedge Fund- Liquidity Fund- Private Equity Fund78.7b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV78.7b AUM78.7b #Funds27
Adviser AFLAC ASSET MANAGEMENT LLC Hedge Fund- Liquidity Fund- Private Equity Fund1.4b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.4b AUM120.2b #Funds1
Adviser CLAYTON, DUBILIER & RICE, LLC Hedge Fund- Liquidity Fund- Private Equity Fund79.9b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV79.9b AUM81.0b #Funds38
Adviser SB INVESTMENT ADVISERS (US) INC. Hedge Fund- Liquidity Fund- Private Equity Fund53.9b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV53.9b AUM65.3b #Funds1

Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker83601L102 Stock NameSOTERA HEALTH COMPANY (1) $ Position$1,054,328,440 % Position60.00% $ Change-1.00% # Change0.00%
Stck Ticker05990K106 Stock NameBANC OF CALIFORNIA, INC. $ Position$199,275,652 % Position11.00% $ Change-16.00% # Change0.00%
Stck Ticker92552V100 Stock NameVIASAT, INC. $ Position$142,267,051 % Position8.00% $ Change-30.00% # Change0.00%
Stck Ticker01625V104 Stock NameALIGNMENT HEALTHCARE, INC. $ Position$140,156,132 % Position8.00% $ Change58.00% # Change0.00%
Stck Ticker25609L105 Stock NameDOCEBO INC. $ Position$129,648,577 % Position7.00% $ Change9.00% # Change38.00%
Stck Ticker76680V108 Stock NameRING ENERGY, INC. $ Position$77,943,887 % Position4.00% $ Change-14.00% # Change0.00%
Stck Ticker516806205 Stock NameVITAL ENERGY, INC. $ Position$8,209,142 % Position0.00% $ Change61.00% # Change85.00%

Brochure Summary

Overview

Warburg Pincus LLC, a New York limited liability company, together with its affiliates (including its relying advisers) (hereinafter collectively referred to as “Warburg Pincus”, the “Firm”, “we”, “us” or “our”) is a global private equity investment firm. We provide investment advisory services to pooled investment vehicles referred to in this brochure as “Funds” and to certain other institutional accounts as described more fully herein (the “Accounts”) and, together with the Funds, the “Clients”). Disclosures contained herein with respect to Funds are also generally applicable to Accounts except as the context requires otherwise. Founded in 1966, Warburg Pincus is one of the oldest and most established private equity firms in the world. We are headquartered in New York, with ten additional investing offices around the world in Beijing, Berlin, Hong Kong, Houston, London, Mumbai, San Francisco, São Paulo, Shanghai and Singapore. The Managing Directors of the Firm are our principal owners. No person owns more than 25% of the Firm. Warburg Pincus affiliates serve as advisers, sponsors, general partners and/or managers of our Funds. Interests in our Funds are privately offered to qualified investors. Along with our own capital commitments to our Funds, we invest third party investors’ capital contributions to our Funds on a discretionary basis, primarily through growth and other investments made by our Funds into operating businesses. Our global Funds are generally offered on the basis of a diversified private equity investment strategy rather than to meet individual objectives of investors. The Firm has also offered, and expects to offer in the future, other funds, including sector or geographically focused companion funds to co-invest with a global fund in certain subsets of investment opportunities. The Firm has also offered, and expects to offer in the future other purpose funds such as continuation funds, sponsored secondary funds, capital solutions funds, long-term investment funds and real estate funds. Our Funds’ governing documents establish discretionary authority for us to manage the investment and other day-to-day activities of the Funds, although certain limits on investments such as concentration limits and geographic sub-limits may be established on a Fund-specific basis. Our investment advisory business primarily consists of identifying and selecting investment opportunities for our Clients, and participating in the acquisition, investment management, monitoring and ultimate disposition of our Clients’ investments. Since its founding, the Firm has followed a growth-oriented investment strategy. We seek to make thesis-driven growth capital transactions, early growth platforms, buyout, recapitalizations and other special situation investments across a variety of business sectors and geographic regions to maximize long-term investment returns for our Clients. Our Senior Leadership Team (“SLT”), including the committees of the Firm’s Investment Management Group (“IMG”), coordinates the investment advisory business of the Firm on a global basis. The Firm’s Operating Management Group (“OMG”) is made up of the senior operating leadership of Warburg Pincus and oversees the operations of the Firm outside its core investing activities. The IMG and OMG are led by the Firm’s Chief Executive Officer, Charles R. Kaye. We select companies for investment after conducting due diligence and developing a detailed investment thesis. As a fundamental aspect of our private equity investment advisory strategy, we typically take an active role on the boards of directors of the Firm’s portfolio companies – either by designating our employees to such boards of directors or, as deemed appropriate, through non-employee designees – providing assistance in developing and executing their strategic plans and realizing our investment theses. We invest in privately held and publicly traded companies. The Firm’s investment professionals focus primarily on growth investing in the following industry sectors: Business Services, Energy Transition & Sustainability, Financial Services, Healthcare, Industrials and Technology. In addition
to the Firm’s core industry sectors, Consumer and Real Estate investment opportunities are pursued in Asia. Our primary existing private equity, capital solutions, long-term investment and real estate funds are: Warburg Pincus Private Equity Funds1 Warburg Pincus Global Growth 14, L.P., a global private equity fund established in 2022. Warburg Pincus Financial Sector II, L.P., a financial sector-focused companion fund established in 2021. Warburg Pincus China-Southeast Asia II, L.P., a China and Southeast Asia-focused private equity fund established in 2019. Warburg Pincus Global Growth, L.P., a global private equity fund established in 2018. Warburg Pincus Financial Sector, L.P., a financial sector-focused companion fund established in 2017. Warburg Pincus China, L.P., a China-focused companion fund established in 2016. Warburg Pincus Private Equity XII, L.P., a global private equity fund established in 2015. Warburg Pincus Energy, L.P., an energy-focused-companion fund established in 2014. Warburg Pincus Private Equity XI, L.P., a global private equity fund established in 2012. Warburg Pincus Private Equity X, L.P., a global private equity fund established in 2007. Warburg Pincus Capital Solutions Funds Warburg Pincus Capital Solutions Founders Fund, L.P., a capital solutions-focused private investment fund established in 2023 (together with its parallel funds and alternative investment vehicles, “WPCS FF”). Warburg Pincus Long-Term Investment Funds WP Dynasty Holdings I, L.P., a long-term investment vehicle established in 2023 primarily to acquire “new economy” real estate companies across Asia-Pacific (together with its parallel funds and alternative investment vehicles, “WP Dynasty”). Warburg Pincus Real Estate Funds Warburg Pincus Asia Real Estate, L.P., a Pan Asia-focused asset-level real estate fund established in 2021 (together with its parallel funds and alternative investment vehicles, “WPARE”). The Firm has established and generally has discretion to establish other investment vehicles, including managed partnerships and co-investments vehicles for current or prospective investors, subject to the provisions of the applicable Fund governing documents (see Item 11. Code of Ethics, Participation in Client Transactions and Personal Trading, Co-Investments for more information). In addition, Warburg Pincus has established other investment vehicles, including (i) continuation and sponsored secondary funds which were utilized in part to generate liquidity for certain Funds or assets and (ii) investment vehicles established to provide certain investors with access to certain investments through or alongside the Funds.2 1 The following funds, together with their respective parallel funds and alternative investment vehicles, the “Private Equity Funds” and each, a “Private Equity Fund.” 2 Warburg Pincus also manages: Warburg Pincus XI (Asia), L.P.; WP AUSA, L.P.; WP AUSA I-A, L.P.; and WP DVT, L.P., private investment funds established in 2017, 2019, 2020 and 2022, respectively. Warburg Pincus XI (Asia), L.P. was formed primarily to acquire a fixed percentage of the ownership interests in certain Asia portfolio investments of Warburg Pincus Private Equity XI, L.P. WP AUSA, L.P. was formed primarily to acquire ownership interests in a single portfolio company which was owned partially by Warburg Pincus Private Equity XI, L.P. WP AUSA I-A, L.P. was formed primarily to make follow-on investments in the same portfolio company as WP AUSA, L.P. WP DVT, L.P. was formed primarily to acquire ownership interests in a single portfolio Warburg Pincus has also entered into a sub-advisory agreement (the “Sub-Advisory Agreement”) with, and serves as the sub-adviser to, accounts benefiting a reinsurance company, whereby the Firm provides investment sub-advisory services in respect of the reinsurance company’s private fund investments. As of December 31, 2023, Warburg Pincus manages approximately $62.3 billion of net assets (excluding approximately $21.4 billion of uncalled capital commitments) on behalf of its Clients on a discretionary basis, and no assets on a non-discretionary basis.