WARBURG PINCUS LLC other names

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Adviser Profile

As of Date:

11/06/2023

Adviser Type:

- Large advisory firm


Number of Employees:

774 2.65%

of those in investment advisory functions:

268 6.35%


Registration:

SEC, Approved, 3/30/2012

AUM:

89,976,162,000 8.85%

of that, discretionary:

89,976,162,000 8.85%

Avg Account Size:

1,606,717,179 -6.70%


SMA’s:

NO

Private Funds:

169 20

Websites :
Contact info

Phone: 212 xxxxxxx

Fax: 212 xxxxxxx

Client Types:

- Pooled investment vehicles

Advisory Activities:

- Portfolio management for pooled investment vehicles

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 Structure

Fund Type Count GAV
Private Equity Fund 168 $89,531,677,406
Real Estate Fund 1 $1,006,241,000

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Private Funds



Employees




Top Holdings

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76680V108 RING ENERGY, INC. $89,935,254 4.00% -1.00% -13.00%
985194109 YATSEN HOLDING LTD $8,192,689 0.00% -24.00% -23.00%

Brochure Summary

Overview

Warburg Pincus LLC, a New York limited liability company, together with its affiliates (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” or “Clients”. 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 our 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 from time to time. 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 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 consists of identifying and selecting investment opportunities for our Funds, and participating in the acquisition, investment management, monitoring and ultimate disposition of our Funds’ 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 Funds. Our Executive Leadership Team (“ELT”), 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 investment advisory strategy, we typically take an active role on the boards of directors of our portfolio companies – either by designating our employees to such boards of directors or, as deemed appropriate, through non-Warburg Pincus 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 majority of our investment professionals are specialized by the following core sectors of industry: Energy Transition & Sustainability; Financial Services; Healthcare; Business Services; Industrials; Technology; and Real Estate, with numerous related sub-sectors (including geographies) of specialization. Our primary existing private equity and real estate funds are: 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 Asia Real Estate, L.P., a Pan Asia-focused asset-level real estate 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. The Firm generally has discretion to establish co-investment vehicles and managed partnerships 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.1 As of December 31, 2022, Warburg Pincus manages approximately $64.2 billion of net assets (excluding approximately $21.2 billion of uncalled capital commitments) on behalf of the Funds on a discretionary basis, and no assets on a non-discretionary basis. 1 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 company which was owned partially by Warburg Pincus Private Equity XII, L.P. Warburg Pincus also manages: WPARE N Co-Invest, L.P.; WPARE S Co-Invest, L.P.; Verdite Gem Co-Invest, L.P.; and Stannite Gem Co-Invest, L.P. as vehicles formed to co-invest with certain investments of Warburg Pincus Asia Real Estate, L.P., and WPGG 14 Co-Invest-C, L.P.; WPGG 14 Co-Invest-H, L.P.; and WPGG 14 Co-Invest-N, L.P., three vehicles formed to co-invest with certain investments of Warburg Pincus Global Growth 14, L.P.