Warburg Pincus, the private equity firm that traces its history to 1939, gathered $12 billion for a new fund six months after starting the fundraising process.

Though the buyout firm and its investors had agreed to cap the fund at $12 billion, demand exceeded that amount, New York- based Warburg Pincus said Monday in a statement. Backers for Warburg Pincus Private Equity XII, as the fund is known, include pension funds, sovereign wealth funds, insurance companies, endowments and wealthy individuals.

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