Warburg Pincus closes USD 4.25 billion fund focusing on China and Southeast Asia

The firm’s investment portfolio includes Ant Financial, Go-Jek, Nio and ZTO Express.

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Private equity firm Warburg Pincus, known as Hua Ping in China, announced the close of a new USD 4.25 billion fund with an investment focus on Chinese and Southeast Asian companies.

The firm’s investment portfolio includes some of the biggest companies and industry leaders in the region, such as Ant Financial, Go-Jek, Nio and ZTO Express.

The new fund, Warburg Pincus China-SEA II, is the successor fund to the USD 2.2 billion Warburg Pincus China fund closed in December 2016.

Warburg Pincus said the new fund focuses on investment opportunities across five sectors, including consumer and services, healthcare, real estate, financial services, and the technology, media, and telecommunications (TMT) space.

“This new fund underlines and reinforces our long and successful presence in China and the expansion of our investment platform into Southeast Asia in recent years,” the Co-CEOs of the firm, Charles R. Kaye and Joseph P. Landy, said in the statement.

Warburg Pincus, the New York-based PE firm founded in 1966, has more than USD 62 billion in private equity assets under its management.