DFX Intelligence
Warburg Pincus Private Equity Xi, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Private Equity FundOutside venture scope
A private equity fund outside venture scope, shown because its manager is on the venture graph.
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal, 5 additional placement agents, 8 additional LP reports and investments, 6 events
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 8 LP reportspublic disclosures
8 public LP reports name this vehicle; the latest, Minnesota State Board of Investment as of 30 Jun 2026, shows $200M committed and net IRR 11.3%, 1.74x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2012basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $12Bwhat may be sold, not what was raised; file 021-178734, sworn by the adviser or filed under this vehicle
- Form D sold
- $11Bas of the filing of May 23, 2013, 242 investors
- First sale
- May 9, 2012
- Reported GAV
- $3.1Bon the Form ADV filed Sep 3, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 305
- Reported on ADV
- Mar 26, 2013 to Sep 3, 2024
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Unknown
latest Form D 2013-05-23, older than 15 months (fr-1)
evidence dated May 23, 2013.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 14first sale: May 9, 2012vintage year: 2012adv gav as of: Sep 3, 2024vintage basis: Form d first saleform d sold: $11Bform d offering: $12Bform d latest filed at: May 23, 2013
The fund's own reporting through time
34 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 26, 2013 | Private Equity Fund | $1.0B | 144 | $20.0M | 0% | yes | |
| Jan 2, 2014 | Private Equity Fund | $1.0B | 144 | $20.0M | 0% | yes | |
| Mar 25, 2014 | Private Equity Fund | $1.8B | 254 | $20.0M | 1% | yes | |
| Jul 1, 2014 | Private Equity Fund | $1.8B | 254 | $20.0M | 1% | yes | |
| Sep 19, 2014 | Private Equity Fund | $1.8B | 254 | $20.0M | 1% | yes | |
| Jan 2, 2015 | Private Equity Fund | $1.8B | 254 | $20.0M | 1% | yes | |
| Mar 27, 2015 | Private Equity Fund | $4.2B | 254 | $20.0M | 1% | yes | |
| Mar 28, 2016 | Private Equity Fund | $6.0B | 256 | $20.0M | 1% | yes | |
| Jul 15, 2016 | Private Equity Fund | $6.0B | 256 | $20.0M | 1% | yes | |
| Sep 29, 2016 | Private Equity Fund | $6.0B | 256 | $20.0M | 1% | yes | |
| Mar 30, 2017 | Private Equity Fund | $6.5B | 297 | $20.0M | 1% | yes | |
| May 11, 2017 | Private Equity Fund | $6.5B | 297 | $20.0M | 1% | yes | |
| Mar 29, 2018 | Private Equity Fund | $6.3B | 297 | $20.0M | 1% | yes | |
| Dec 3, 2018 | Private Equity Fund | $6.3B | 297 | $20.0M | 1% | yes | |
| Mar 28, 2019 | Private Equity Fund | $9.4B | 302 | $20.0M | 1% | yes | |
| May 10, 2019 | Private Equity Fund | $9.4B | 302 | $20.0M | 1% | yes | |
| Jun 5, 2019 | Private Equity Fund | $9.4B | 302 | $20.0M | 1% | yes | |
| Feb 7, 2020 | Private Equity Fund | $9.4B | 302 | $20.0M | 1% | yes | |
| Feb 24, 2020 | Private Equity Fund | $9.4B | 302 | $20.0M | 1% | yes | |
| Mar 27, 2020 | Private Equity Fund | $4.1B | 303 | $20.0M | 1% | yes | |
| Jul 4, 2020 | Private Equity Fund | $4.1B | 303 | $20.0M | 1% | yes | |
| Jan 4, 2021 | Private Equity Fund | $4.1B | 303 | $20.0M | 1% | yes | |
| Mar 30, 2021 | Private Equity Fund | $5.1B | 303 | $20.0M | 1% | yes | |
| Apr 28, 2021 | Private Equity Fund | $5.1B | 303 | $20.0M | 1% | yes | |
| Jan 3, 2022 | Private Equity Fund | $5.1B | 303 | $20.0M | 1% | yes | |
| Mar 30, 2022 | Private Equity Fund | $4.0B | 304 | $20.0M | 1% | yes | |
| Oct 10, 2022 | Private Equity Fund | $4.0B | 304 | $20.0M | 1% | yes | |
| Mar 30, 2023 | Private Equity Fund | $3.3B | 306 | $20.0M | 1% | yes | |
| Apr 21, 2023 | Private Equity Fund | $3.3B | 306 | $20.0M | 1% | yes | |
| May 31, 2023 | Private Equity Fund | $3.3B | 306 | $20.0M | 1% | yes | |
| Jul 24, 2023 | Private Equity Fund | $3.3B | 306 | $20.0M | 1% | yes | |
| Nov 6, 2023 | Private Equity Fund | $3.3B | 306 | $20.0M | 1% | yes | |
| Mar 28, 2024 | Private Equity Fund | $3.1B | 305 | $20.0M | 1% | yes | |
| Sep 3, 2024 | Private Equity Fund | $3.1B | 305 | $20.0M | 1% | yes |
Principals and agents
4 principals on Form D, 4 placement agents
- Timothy J Curt Executive Officer
- Charles R Kaye Executive Officer
- Joseph P. Landy Executive Officer
- Picton S.A. placement agent
- Foreside Fund Services, LLC placement agent
Show all 6principals, then placement agents
- Timothy J Curt Executive Officer
- Charles R Kaye Executive Officer
- Joseph P. Landy Executive Officer
- Picton S.A. placement agent
- Foreside Fund Services, LLC placement agent
- UBS Financial Services Inc. placement agent
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorEY · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEWARK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).8 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Minnesota State Board of Investment msbi.us | 2012 | $200M | $200M | $319M | $29.6M | 11.3% | 1.7x | Jun 30, 2026 |
| New Jersey Division of Investment nj.gov | 2012 | $300M | $319M | $499M | $44.3M | not meaningful yet | 1.7x | May 31, 2026 |
| Washington State Investment Board sib.wa.gov | 2012 | $750M | $763M | $1.2B | $137M | 11.6% | 1.8x | Dec 31, 2025 |
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.6 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | $750M committed | committed May 24, 2012 | Fact Pension disclosure |
| New Jersey Division of Investment | PUBLIC INSTITUTIONAL POOL | $300M committed | reported as of May 31, 2026 | Fact Pension disclosure |
| Minnesota State Board of Investment | PUBLIC INSTITUTIONAL POOL | $200M committed | reported as of Jun 30, 2026 | Fact Pension disclosure |
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
11 events
- Jun 30, 2026MSBI reports Warburg Pincus Private Equity XI, LP: $200,000,000 committed, vintage 2012, net IRR 11.3%, 1.74xLP commitment disclosed Fact Pension disclosure
- May 31, 2026NJ DOI reports Warburg Pincus Private Equity XI, LP: $300,000,000 committed, vintage 2012LP commitment disclosed Fact Pension disclosure
- Dec 31, 2025Colorado PERA reports Warburg Pincus Private Equity XI: $100,000,000 committed, vintage 2012LP commitment disclosed Fact Pension disclosure
- Dec 31, 2025APFC reports Warburg Pincus Private Equity XI LP: $35,000,000 committed, vintage 2013LP commitment disclosed Fact Pension disclosure
- Dec 31, 2025WSIB reports Warburg Pincus Private Equity XI, L.P.: $750,000,000 committed, vintage 2012, net IRR 11.6%, 1.8xLP commitment disclosed Fact Pension disclosure
Evidence
33 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 23, 2013 Fact Form D
- Entity type: Limited Partnership May 23, 2012 Fact Form D
- Form D fund type: Private Equity Fund May 23, 2013 Fact Form D
- Form D fund type: Private Equity Fund May 23, 2012 Fact Form D
- Form D industry group: Pooled Investment Fund May 23, 2013 Fact Form D
- Form D industry group: Pooled Investment Fund May 23, 2012 Fact Form D
- Amendment: true May 23, 2013 Fact Form D
- Amendment: false May 23, 2012 Fact Form D
- Revenue range (Form D): Decline to Disclose May 23, 2013 Fact Form D
- Revenue range (Form D): Decline to Disclose May 23, 2012 Fact Form D
- Incorporated: withinFiveYears May 23, 2013 Fact Form D
- Incorporated: withinFiveYears May 23, 2012 Fact Form D
- Jurisdiction: Delaware May 23, 2013 Fact Form D
- Jurisdiction: Delaware May 23, 2012 Fact Form D
- Lp reported fund: 100,000,000 Jun 11, 2013 Fact Pension disclosure
- Amount sold (Form D): $11B May 23, 2013 Fact Form D
- Amount sold (Form D): $4.2B May 23, 2012 Fact Form D
- Offering amount (Form D): $12B May 23, 2013 Fact Form D
- Offering amount (Form D): $12B May 23, 2012 Fact Form D
- Exemptions: 06, 3C, 3C.7 May 23, 2013 Fact Form D
- Exemptions: 06, 3C, 3C.7 May 23, 2012 Fact Form D
- First sale: 2012-05-09 May 23, 2013 Fact Form D
- First sale: 2012-05-09 May 23, 2012 Fact Form D
- Investors (Form D): 242 May 23, 2013 Fact Form D
- Investors (Form D): 83 May 23, 2012 Fact Form D
- Minimum investment (Form D): 0 May 23, 2013 Fact Form D
- Minimum investment (Form D): 0 May 23, 2012 Fact Form D
- Securities offered: Equity, pooled May 23, 2013 Fact Form D
- Securities offered: Equity, pooled May 23, 2012 Fact Form D
- Office address: May 23, 2013 Fact Form D
- Office address: May 23, 2012 Fact Form D
- Year of incorporation: 2011 May 23, 2013 Fact Form D
- Year of incorporation: 2011 May 23, 2012 Fact Form D
Relationships across DFX
on 4 other DFX graphs · 30 capital paths
Across the graphs
Warburg Pincus Private Equity Xi, L.P. is the same institution as 4 records in Private Equity, RIA and Wealth, Allocators and Family Offices.
Private Equity1RIA and Wealth1Allocators1Family Offices1
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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Capital chain
Warburg Pincus Private Equity Xi, L.P. sits on 30 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 30 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
1 identity change, 11 dated events on the change ledger, latest event first
- Merged in2026-09-14
- LP commitment disclosed2026-06-30source on record
- LP commitment disclosed2026-05-31source on record
+9 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.