Private Equity

Warburg Pincus has no interest in joining private equity rivals by going public

Co-CEO says the New York-based firm, which marks its 50th anniversary this year, won't change its strategy

The New York-based firm is ruling out an IPO
The New York-based firm is ruling out an IPO Photo: iStock

Private equity firm Warburg Pincus won't join rivals such as Carlyle Group and Apollo Global Management in selling shares to the public, co-Chief Executive Joseph Landy said.

Landy said the New York-based firm, which manages more than $40 billion and marks its 50th anniversary this year, won't change its strategy and suggested rivals that went public in recent years may well be regretting their decision.

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