 | |
 Headquarters at450 Lexington Avenue | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1966; 60 years ago (1966) |
| Founders | |
| Headquarters | 450 Lexington Avenue New York City,New York, U.S. |
Key people |
|
| Products | |
| AUM | US$87 billion (2025)[1] |
Number of employees | 775 (2024)[1] |
| Website | warburgpincus |
Warburg Pincus LLC is an American multinationalprivate equity firm based inNew York City, with offices in theUnited States,Europe,Brazil,China,Southeast Asia andIndia.[2][3] One of the oldest in the world, it has been a private equity investor since 1966.[4][5][6]
As of June 2025, the company had over $87 billion inassets under management and invests in a range of sectors including retail, industrial manufacturing,energy,financial services,health care,technology,media, andreal estate.[7][6] Agrowth investor,[8] Warburg has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.[9][10]
In June 2024, Warburg Pincus was ranked ninth inPrivate Equity International's PEI 300 ranking of the largest private equity firms in the world.[11][12]
| History of private equity and venture capital |
|---|
| Early history |
| (origins of modernprivate equity) |
| The 1980s |
| (leveraged buyout boom) |
| The 1990s |
| (leveraged buyout and the venture capital bubble) |
| The 2000s |
| (dot-com bubble to thecredit crunch) |
| The 2010s |
| (expansion) |
| The 2020s |
| (COVID-19 recession) |
In 1939,Eric Warburg of theWarburg banking family founded a company under the nameE.M. Warburg & Co. Its first address was 52 William Street, New York, theKuhn Loeb building. Throughout the early post-war period, the firm was a small office of 20 employees. In 1966, E.M. Warburg merged withLionel I. Pincus & Co, forming a new company that eventually became known asE.M. Warburg, Pincus & Co.[13] In 1965, when Eric Warburg retired toGermany, control was handed toLionel Pincus, a partner in theLadenburg Thalmann investment bank, and the working language of the office switched from German to English.
In 1967, Andres Fernandez Coronil, a former partner atLazard Freres, joined Pincus to build the firm.[14] Together they developed a strategy of investing in diversified companies of various sizes rather than focusing on start-ups.[15] Pincus was the founder and chairman[16] while Vogelstein was vice chairman[17] and then president.[18][19] Pincus and Vogelstein ran the company until 2002, when they stepped down and appointed Charles Kaye and Joseph P. Landy as co-presidents.[15][17] Pincus died in 2009.[14]
Warburg Pincus began investing in Europe in 1983[20] and opened its first office inAsia in 1994. It has invested more than $5 billion inEurope; more than $3 billion inIndia[21] and more than $3.3 billion inChina. The firm is headquartered in New York and has offices inBeijing,Berlin,Hong Kong,Houston,London,Mumbai,San Francisco,São Paulo,Shanghai and Singapore, with administrative offices inAmsterdam, Luxembourg andMauritius.
The firm is structured as a global partnership led by Chairman,Timothy Geithner, CEO, Charles R. "Chip" Kaye, and President, Jeffrey Perlman.[22][23]
More than 140 Warburg Pincus companies have listed on exchanges, raising approximately $30 billion in public markets.[24] In each of these IPOs, the firm was the principal financial investor in the portfolio company. The companies have listed on 13 exchanges, including at least 30 IPOs outside the U.S. In August 2010, a six-year partnership between management and Warburg Pincus led to MEG Energy's successful IPO.
Warburg Pincus has a history of venture capital investing. The firm is a founding member of the venture capital associations in the U.S. and China, and offers a global entrepreneur in residence program to help start up new businesses.[25]
In October 2014,Reuters reported that Warburg Pincus had raised $4 billion for its first energy-focused private equity fund.[26] In late 2018, Warburg Pincus closed its Warburg Pincus Global Growth, L.P. fund at $14.8 billion, and in June 2019, closed its Warburg Pincus China-Southeast Asia II, L.P. fund at $4.25 billion.[27]
In April 2023, Warburg Pincus and ArchiMed agreed to sell the France-headquartered business Polyplus to life science group Sartorius for approximately €2.4 billion.[28]
During the post-war period, Eric Warburg vied with his cousinSiegmund Warburg, founder ofS.G. Warburg, over the use of the Warburg name in New York. Siegmund wished to expand the S.G. Warburg franchise into New York but was blocked by the existence of E.M. Warburg & Co. Following the effective sale of the business to Pincus, Siegmund Warburg accused Eric of prostituting the Warburg name. "Complicating matters was that Siegmund thought Pincus the wrong kind of Jew—of Eastern European ancestry, with agarment-district background. Professionally, he thought Pincus well belowhaute banque stature in the venture capital world."[29]
In January 1970, Siegmund finally got the name changed to E.M. Warburg, Pincus & Company to differentiate it from S.G. Warburg & Company. "In the end, however, Lionel Pincus had the last laugh on Siegmund. He expanded Eric's tiny firm into a giant, thriving business, with three and a half billion dollars of venture capital partnerships."[29]
In 1999, they attempted to purchase English Premier League association football clubEverton.[30]
| Fund | Vintage Year | Capital ($m) |
|---|---|---|
| Warburg Pincus Ventures International, L.P.[31][32] | 1997 | $800 |
| Warburg Pincus International Partners, L.P.[31] | 2000 | $2,500 |
| EMW Ventures Inc.[33][31] | 1971 | $41 |
| Warburg Pincus Private Equity VIII, L.P.[34][31] | 2001 | $5,300 |
| Warburg Pincus Private Equity IX, L.P.[35][36] | 2005 | $8,000 |
| Warburg Pincus Real Estate I, L.P.[37][38] | 2006 | $1,200 |
| Warburg Pincus Private Equity X, L. P.[39] | 2007 | $15,100 |
| Warburg Pincus Private Equity XI, L.P. | 2012 | $11,200 |
| Warburg Pincus Energy, L.P.[40] | 2014 | $4,000 |
| Warburg Pincus Private Equity XII, L.P.[41][42] | 2015 | $13,400 |
| Warburg Pincus China, L.P.[43] | 2016 | $2,000 |
| Warburg Pincus Financial Sector, L.P.[41] | 2017 | $2,300 |
| Warburg Pincus Global Growth, L.P.[44][45] | 2018 | $14,800 |
| Warburg Pincus China-Southeast Asia II L.P. | 2019 | $4,250 |
| Warburg Pincus Asia Real Estate Fund, L.P.[46] | 2021 | $2,800 |
| Warburg Pincus Financial Sector II, L.P.[47][48] | 2021 | $2,600 |
| Warburg Pincus Global Growth 14, L.P.[49][50] | 2023 | $17,300 |
Warburg Pincus invested in the information and communication technology sectors, including investments inAvaya,Bharti Tele-Ventures, Harbour Networks,NeuStar,PayScale, andTelcordia.[51][52][53][54][55][56]
Warburg Pincus has invested in companies such asCityMD,The Summit Medical Group,Harbin Pharmaceutical,[57]Venari Resources,NIO,ZTO Express[58] in China and South East Asia, Bharti Telecommunications, Apollo Tyres Ltd,[59] Ecom Express,[60] SBI General Insurance[61] in India, AmRest in Poland[62] andNuance Communications in the U.S.[63] In 2019, the firm acquired a majority stake in healthcare tech companyWebPT from Battery Ventures.[64]
In May 2024, Warburg Pincus acquired Shriram Housing Finance at Rs 4,630 crore.[65][66]
In August 2024, Warburg-Pincus said it will invest 50% each in Australian real estate company Lendris to establish a joint venture platform to focus on the Asia-Pacific region's life science and R&D real estate market.[67]
In October 2024, Warburg Pincus invested $125 million in Contabilijay,Brazil's leading accounting firm. The deal is Contabilijay's largest shareholder, acquiring stakes from venture capital funds including Kajek, which has invested in Contabilijay since 2014.[68]
In January 2025, Warburg Pincus entered into a $300 million strategic partnership with Mashura, a leading inventory intelligence platform in healthcare.[69]
On 10 March 2025, Warburg Pincus announced that D&D Investment, a subsidiary asset manager of SK D&D, one of Korea's largest multi-family businesses and developers, has signed a joint agreement to invest in the Korean senior housing market. Through this partnership, the company will focus on securing and developing housing for the elderly in theSeoul metropolitan area.[70]
In October 2025, Warburg Pincus agreed to acquire German infrastructure software company PSI AG for more than €700 million ($813.26 million). The deal values PSI at €45 per share, which was a 50% premium on the stock price at the time. PSI will remain headquartered in Berlin.[71]
In December 2025, Warburg Pincus andPermira agreed to acquiresoftware-as-a-service (SaaS)fintech companyClearwater Analytics in an $8.4 billion deal.[72]
