Warburg Pincus Financial Sector II, L.P.

Fundmanaged by Warburg Pincus LLC· Delaware
Vintage
2022
Reported gross assets
$2.3B
Form ADV, Sep 3, 2024
Active deploymentUnknownADV: Private Equity FundOutside venture scope

A private equity fund outside venture scope, shown because its manager is on the venture graph.

More
As of · the latest observation of this vehicle; each figure below carries its own filing date

2 additional principals, 5 additional placement agents, 1 additional LP report or investment, 1 event

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

  1. 4 LP reports
    public disclosures

    4 public LP reports name this vehicle; the latest, Colorado Public Employees' Retirement Association as of 31 Dec 2025, shows $50M committed and net IRR 20.9% (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-funds →
Drawing the relationship network…
Amounts, each with its basis
Vintage
2022basis: 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
$2.5Bwhat may be sold, not what was raised; file 021-402664, sworn by the adviser or filed under this vehicle
Form D sold
$0as of the filing of Jun 11, 2021
First sale
unknown
Reported GAV
$2.3Bon the Form ADV filed Sep 3, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
107
Reported on ADV
Mar 30, 2022 to Sep 3, 2024
Fundraising evidence
Unknown
latest Form D 2021-06-11, older than 15 months (fr-1)
evidence dated Jun 11, 2021.
Lifecycle
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Sep 3, 2024vintage basis: ADV first reportedform d sold: $0form d offering: $2.5Bform d latest filed at: Jun 11, 2021
The fund's own reporting through time
9 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 30, 2022Private Equity Fund$2.2B
61$15.0M1%yes
Oct 10, 2022Private Equity Fund$2.2B
61$15.0M1%yes
Mar 30, 2023Private Equity Fund$2.1B
107$15.0M1%yes
Apr 21, 2023Private Equity Fund$2.1B
107$15.0M1%yes
May 31, 2023Private Equity Fund$2.1B
107$15.0M1%yes
Jul 24, 2023Private Equity Fund$2.1B
107$15.0M1%yes
Nov 6, 2023Private Equity Fund$2.1B
107$15.0M1%yes
Mar 28, 2024Private Equity Fund$2.3B
107$15.0M1%yes
Sep 3, 2024Private Equity Fund$2.3B
107$15.0M1%yes
Principals and agents
5 principals on Form D, 4 placement agents
Show all 6principals, then placement agents
  • Robert B. Knauss Executive Officer
  • Steven G. Glenn Executive Officer
  • Charles R Kaye Executive Officer
  • Standard Chartered Bank (Singapore) Limited placement agent
  • Harmony Advisors Limited placement agent
  • PineGrove Capital Ltd. placement agent
Service providers
7 named on Form ADV Schedule D and Form D
Limited partners and their reported performance
4 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Washington State Investment Board sib.wa.gov2021$200M$184M$80.6M$217M21.7%1.6xDec 31, 2025
Colorado Public Employees' Retirement Association content.copera.org2021$50.0M$41.8M$14.9MNot disclosed20.9%unknownDec 31, 2025
New York State Common Retirement Fund osc.ny.gov2021$150M$115M$36.7M$143Mnot meaningful yet1.6xMar 31, 2025
Known LPs and allocators
3 relationships, public pensions and the allocator graph, each counted once
AllocatorTypeAmountDateSource
Washington State Investment BoardPUBLIC INSTITUTIONAL POOL$200M
committed
committed Jul 21, 2021Fact Pension disclosure
New York State Common Retirement FundPUBLIC INSTITUTIONAL POOL$150M
committed
reported as of Mar 31, 2025Fact Pension disclosure
Colorado Public Employees' Retirement AssociationSTATE RETIREMENT SYSTEM$50.0M
committed
reported as of Dec 31, 2025Fact 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
6 events
  1. Dec 31, 2025
    Colorado PERA reports Warburg Pincus Financial Sector II, L.P.: $50,000,000 committed, vintage 2021
    LP commitment disclosed Fact Pension disclosure
  2. Dec 31, 2025
    WSIB reports Warburg Pincus Financial Sector II, L.P.: $200,000,000 committed, vintage 2021, net IRR 21.7%, 1.6x
    LP commitment disclosed Fact Pension disclosure
  3. Mar 31, 2025
    NYSCRF reports Warburg Pincus Financial Sector Fund II, LP: $150,000,000 committed, vintage 2021
    LP commitment disclosed Fact Pension disclosure
  4. Mar 30, 2022
    Warburg Pincus Financial Sector II, L.P. first reported on Form ADV by Warburg Pincus LLC (Private Equity Fund), GAV $2,231,294,000
    Fund first reported on Form ADV Fact Form ADV
  5. Aug 13, 2021
    NYSCRF commits $150,000,000 to Warburg Pincus Financial Sector II, L.P. (Warburg Pincus), closed 2021-08-13, existing relationship
    LP commitment closed Fact Pension disclosure
Evidence
15 observations
Every observation on this vehicle
  • Entity type: Jun 11, 2021 Fact Form D
  • Form D fund type: Private Equity Fund Jun 11, 2021 Fact Form D
  • Form D industry group: Pooled Investment Fund Jun 11, 2021 Fact Form D
  • Amendment: false Jun 11, 2021 Fact Form D
  • Revenue range (Form D): Decline to Disclose Jun 11, 2021 Fact Form D
  • Incorporated: withinFiveYears Jun 11, 2021 Fact Form D
  • Jurisdiction: Delaware Jun 11, 2021 Fact Form D
  • Amount sold (Form D): $0 Jun 11, 2021 Fact Form D
  • Offering amount (Form D): $2.5B Jun 11, 2021 Fact Form D
  • Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 11, 2021 Fact Form D
  • Investors (Form D): 0 Jun 11, 2021 Fact Form D
  • Minimum investment (Form D): 0 Jun 11, 2021 Fact Form D
  • Securities offered: Equity, pooled Jun 11, 2021 Fact Form D
  • Office address: Jun 11, 2021 Fact Form D
  • Year of incorporation: 2021 Jun 11, 2021 Fact Form D

Relationships across DFX

on 3 other DFX graphs · 15 capital paths
Across the graphs

Warburg Pincus Financial Sector II, L.P. is the same institution as 3 records in Private Equity, Allocators and RIA and Wealth.

Private Equity1Allocators1RIA and Wealth1

DFX found 3 relationships across 3 datasets

Which record it is in each graph, what it is called there, and what the two were joined on.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

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Capital chain

Warburg Pincus Financial Sector II, L.P. sits on 15 traced paths of capital across the graphs.

Allocator to VC fund to manager to company

DFX traced 15 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

6 dated events on the change ledger, latest first
  • Form D filed
    2021-06-11source
  • LP commitment made
    2021-08-13source
  • LP commitment disclosed
    2025-12-31source

+3 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.