Private equity firm Warburg Pincus has closed an $11.2 billion fund.
The fund, called Warburg Pincus Private Equity XI LP, will invest in energy, financial services, health care, technology, media, telecommunications, consumer, industrial and services companies.
Investors included public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals.
"This successful fundraise, in a challenging environment, was driven by strong support from both existing and new investors," Warburg Pincus co-president Charles Kaye (pictured) says.
The firm’s last fund, which closed in 2008, had $15 billion in committed capital.
In April, Warburg Pincus announced, in connection with Cinven Ltd., that the companies would sell their remaining 17 percent stake in Dutch cable company Ziggo, in a deal worth $1.1 billion. Also in April, the firm sold its stake in Alliance Tire Group to private equity firm Kohlberg Kravis Roberts & Co. LLP (NYSE: KKR) for an undisclosed amount.
In the first quarter, the firm distributed $3 billion to investors. In 2012, Warburg Pincus invested more than $2.3 billion in 28 companies, and distributed $6.2 billion to investors. The firm has more than $40 billion in assets under management, with 125 portfolio companies, including Bausch & Lomb, Sterling Financial Corp. (Nasdaq: STSA) and Velvet Energy Ltd. Founded in 1966, New York-based Warburg Pincus has raised 13 funds.