Warburg Pincus raises $15bn

The diversified firm, jointly led by Charles Kaye, has surpassed its target by 25 percent, as investors look to emerging markets and growth capital for returns.

Warburg Pincus has held the final close of its 10th global fund on $15 billion (€9.4 billion) beating its target of $12 billion by 25 percent. The firm had its first close for the fund on $9 billion in October. Warburg Pincus’ previous fund raised $8 billion in August 2005.