DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Warburg Pincus China, L.P.
Warburg Pincus China, L.P.
Amounts, each with its basis
- Vintage
- 2017basis: adv first reported
- 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
- $2.0Bwhat may be sold, not what was raised; file 021-275988, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Dec 9, 2016
- First sale
- unknown
- Reported GAV
- $495Mon the Form ADV filed Sep 3, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 86
- Reported on ADV
- Mar 30, 2017 to Sep 3, 2024
Fundraising evidence
Unknown
latest Form D 2016-12-09, older than 15 months (fr-1)
evidence dated Dec 9, 2016. A 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.
Lifecycle
Harvest
vintage over 7 years, still reported
age years: 9first sale: n/avintage year: $2,017adv gav as of: 2024-09-03vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $2.0Bform d latest filed at: 2016-12-09
The fund's own reporting through time
24 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2017 | Private Equity Fund | $1.4M | 87 | $15.0M | 1% | yes | |
| May 11, 2017 | Private Equity Fund | $1.4M | 87 | $15.0M | 1% | yes | |
| Mar 29, 2018 | Private Equity Fund | $327M | 87 | $15.0M | 1% | yes | |
| Dec 3, 2018 | Private Equity Fund | $327M | 87 | $15.0M | 1% | yes | |
| Mar 28, 2019 | Private Equity Fund | $2.5B | 87 | $15.0M | 1% | yes | |
| May 10, 2019 | Private Equity Fund | $2.5B | 87 | $15.0M | 1% | yes | |
| Jun 5, 2019 | Private Equity Fund | $2.5B | 87 | $15.0M | 1% | yes | |
| Feb 7, 2020 | Private Equity Fund | $2.5B | 87 | $15.0M | 1% | yes | |
| Feb 24, 2020 | Private Equity Fund | $2.5B | 87 | $15.0M | 1% | yes | |
| Mar 27, 2020 | Private Equity Fund | $874M | 86 | $15.0M | 1% | yes | |
| Jul 4, 2020 | Private Equity Fund | $874M | 86 | $15.0M | 1% | yes | |
| Jan 4, 2021 | Private Equity Fund | $874M | 86 | $15.0M | 1% | yes | |
| Mar 30, 2021 | Private Equity Fund | $1.3B | 85 | $15.0M | 1% | yes | |
| Apr 28, 2021 | Private Equity Fund | $1.3B | 85 | $15.0M | 1% | yes | |
| Jan 3, 2022 | Private Equity Fund | $1.3B | 85 | $15.0M | 1% | yes | |
| Mar 30, 2022 | Private Equity Fund | $1.3B | 86 | $15.0M | 1% | yes | |
| Oct 10, 2022 | Private Equity Fund | $1.3B | 86 | $15.0M | 1% | yes | |
| Mar 30, 2023 | Private Equity Fund | $692M | 86 | $15.0M | 1% | yes | |
| Apr 21, 2023 | Private Equity Fund | $692M | 86 | $15.0M | 1% | yes | |
| May 31, 2023 | Private Equity Fund | $692M | 86 | $15.0M | 1% | yes | |
| Jul 24, 2023 | Private Equity Fund | $692M | 86 | $15.0M | 1% | yes | |
| Nov 6, 2023 | Private Equity Fund | $692M | 86 | $15.0M | 1% | yes | |
| Mar 28, 2024 | Private Equity Fund | $495M | 86 | $15.0M | 1% | yes | |
| Sep 3, 2024 | Private Equity Fund | $495M | 86 | $15.0M | 1% | yes |
Principals and agents
4 principals on Form D, 0 placement agents
- Charles R Kaye Executive Officer
- Joseph P. Landy Executive Officer
- Steven G. Glenn Executive Officer
- Robert B. Knauss Executive Officer
Limited partners and their reported performance
3 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 | 2016 | $45.0M | $46.9M | $21.5M | $39.6M | 4.6% | 1.3x | Jun 30, 2026 |
| New Jersey Division of Investment nj.gov | 2016 | $87.0M | $90.7M | $41.5M | $76.6M | not meaningful yet | 1.3x | May 31, 2026 |
| Washington State Investment Board sib.wa.gov | 2016 | $190M | $200M | $97.3M | $165M | 5.2% | 1.3x | Dec 31, 2025 |
Each 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).
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
5 events
- Jun 30, 2026MSBI reports Warburg Pincus China, L.P.: $45,000,000 committed, vintage 2016, net IRR 4.6%, 1.3xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- May 31, 2026NJ DOI reports Warburg Pincus China, L.P.: $87,000,000 committed, vintage 2016LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports Warburg Pincus China, L.P.: $190,000,000 committed, vintage 2016, net IRR 5.2%, 1.3xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 30, 2017Warburg Pincus China, L.P. first reported on Form ADV by Warburg Pincus LLC (Private Equity Fund), GAV $1,390,000Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 9, 2016Warburg Pincus China, L.P. filed Form D: no sales yet of $2,000,000,000, Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $2.0B Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: equity,pooled Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK, NY, 10017 Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2016 Dec 9, 2016 Fact SEC EDGAR Form D data sets (quarterly)