Warburg Pincus will on Tuesday announce it has raised $15bn for its new global fund, shrugging off the credit squeeze that has pressured many of its buy-out rivals. The US buy-out group has outstripped its $12bn target for the new fund and almost doubled its previous $8bn fund. But Joseph Landy, co-president, told the FT that the fund-raising climate was starting to deteriorate for private equity. The firm is unlikely to follow other buy-out firms in purchasing leveraged loans at a discount from banks, he added.

This entry was posted by Gwen Robinson on Tuesday, April 22nd, 2008 at 5:41 and is filed under Capital markets, M&A, Private equity. Tagged with warburg pincus. Edit this entry.