Warburg Pincus

About: Warburg Pincus is a leading global private equity firm. The firm has more than $25 billion in assets under management. Its active portfolio of more than 100 companies is highly diversified by stage, sector and geography. Warburg Pincus is a growth investor and an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 12 private equity funds which have invested more than $29 billion in approximately 600 companies in 30 countries. Beginning in the late 1980s, the firm has provided more than $4 billion of equity for energy related companies around the world, including: Antero Resources, Bill Barrett Corporation (NYSE: BBG), Ceres, Kosmos Energy, MEG Energy, Newfield Exploration (NYSE: NFX), PowerWind Holding, Spinnaker Exploration and Targa Resources (NADSAQ: NGLS). The firm has offices in Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, San Francisco, Shanghai and Tokyo.

www.warburgpincus.com

Key Personnel:
Charles R. Kaye, Co-President
Joseph P. Landy, Co-President
Scott Arenare, Managing Director
Timothy Curt, Managing Director
Pat Hackett, Managing Director
Jeffrey Harris, Managing Director
Peter Kagan, Managing Director
Rajesh Khanna, Managing Director
Kewsong Lee, Managing Director
James Neary, Managing Director
Dalip Pathak, Managing Director
Steven Schneider, Managing Director
Chang Sun, Managing Director
Christopher Turner, Managing Director
Bess Weatherman, Managing Director

Portfolio:
Warburg Pincus’s portfolio consists of 6 sectors: Financial Services; Healthcare; Technology, Media and Telecommunications (TMT); Energy; Consumer and Industrial; and Real Estate. In the Energy portfolio, the firm focuses in the following areas: Oil and Gas; Power Generation and Transmission; Alternative Energy and Renewables; Innovative Energy Technologies. I highlighted those I considered are Alternative Energy and Renewables:

Ceres, CoalTek, Competitive Power Ventures (the parent company of CPV Renewable Energy), PowerWind, Suniva.

News: In previous blog, I already mentioned about the news that on 27 July 2009, Suniva raised $75m in Series C funding round, which is led by first time investor Warburg Pincus. Also participating in the round were APEX Venture Partners and returning investors New Enterprise Associates (NEA), HIG Ventures and Advanced Equities. The company had raised $55.5 million in its first 2 rounds. Previous investors include Goldman Sachs unit Cogentrix Energy and Quercus Investment. This article mentioned that Suniva could be prepping to go public. The Georgia tech startup claims to have a lower cost way to make solar cells and Suniva has snagged nearly $1 billion in orders from Indian and European solar module makers.

In April 2008, Warburg Pincus announced the closing of Warburg Pincus Private Equity X, L.P. (WP X), a $15 billion fund. Building on Warburg Pincus’ proven track record, the global fund will be invested in core industry sectors, consistent with the firm’s growth-oriented strategy to focus on early-stage, growth and late-stage businesses across North America, Europe and Asia. Existing investors substantially increased their commitments to WP X. The fund’s investors include leading public and private pension funds, endowments and global financial institutions including the Washington State Investment Board and GE Asset Management. The fund also attracted numerous first-time investors, including the Universities Superannuation Scheme and the Teacher Retirement System of Texas.

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