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Warburg Pincus raises $2.3bn

The global private equity investment firm closes financial services fund.

The Warburg Pincus Financial Sector Fund has held a final close at $2.3 billion, far surpassing its initial target of $1.6 billion. The fund targets the financial services sector through the firm’s global platform.

Investors in the vehicle include pension funds, sovereign wealth funds, insurance companies, endowments and foundations.