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French investor buys 5% stake in Warburg Pincus

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Billionaire investor Marc Ladreit de Lacharriere, the CEO of French financial services firm Fimalac, has bought a 5% stake in Warburg Pincus and become a senior strategic partner at the firm.

Ladreit de Lacharriere made his purchase through his family holding company, Groupe Marc de Lacharriere (GML), according to a release. Financial details of the transaction have not been disclosed.

Warburg Pincus will use the proceeds of the investment for its funds, in order to improve its financial flexibility and alignment between LPs and staff at the firm. Along with his investment in Warburg Pincus itself, Ladreit de Lacharriere will also invest in the GP's future funds as an LP.

Currently Warburg Pincus is investing out of its most recent global fund, which launched in 2011 and closed in 2013 at $11.2 billion, short of its $12 billion target. In addition, the GP raised its first global energy fund last year, closing at $4 billion.

While several global PE firms have raised capital from the public marktes, Warburg Pincus is on a select few to sell a stake to private investors. Others that have taken this step include CVC Capital Partners, which in 2012 sold a 10% stake to a group of sovereign wealth funds, one from the Middle East and two from Asia.

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