Warburg Pincus garners $2bn for the China fund

For the firm's first China-focused vehicle  

Warburg Pincus announced the final close of Warburg Pincus China at $2 billion. It is a companion fund to Warburg Pincus Private Equity XII, a $13.4 billion global fund closed in late 2015.

A total new capital of $4 billion from these two funds will target growth investments in various sectors in China, including financial services, TMT, healthcare and consumer goods industries.