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May 10, 2013 01:00 AM

Warburg Pincus closes 11th fund at $11.2 billion

Arleen Jacobius
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    Bloomberg
    Leon Black, co-founder and CEO of Apollo Global Management LLC, received $125.5 million in compensation and dividends last year. Mr. Black, 61, was paid $287,368, which included a $100,000 salary and $187,368 from other compensation, New York-based Apollo said. He received $125.2 million in cash dividends from his ownership of Apollo stock.
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    Bloomberg
    Henry Kravis, KKR & Co.'s co-founder and co-CEO, received a payout of over $137 million in 2012, according to the firm. Mr. Kravis earned $35 million in compensation, consisting of a $300,000 salary and $34.7 million in carried interest. Mr. Kravis also received $102 million in cash dividends from his ownership of KKR stock.
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    Bloomberg
    George Roberts, KKR & Co.'s other co-founder and co-CEO, received a payout of over $140 million in 2012, according to the firm. Like Mr. Kravis, Mr. Roberts earned $35 million in compensation, consisting of a $300,000 salary and $34.7 million in carried interest, but Mr. Roberts got $106 million in stock dividends.
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    Bloomberg
    Stephen Schwarzman, co-founder and chief executive officer of Blackstone Group LP, received $213.3 million in pay and cash dividends last year. Mr. Schwarzman was paid a $350,000 salary and $8.1 million from his share of the firm's profits, known as carried interest. He got $204 million in cash dividends from his ownership of Blackstone stock, according to the filing.See the largest leveraged buyouts that made them billionaires

    Warburg Pincus, a global private equity firm, closed its 11th fund, the $11.2 billion Warburg Pincus Private Equity XI, one of the largest private equity funds raised since the financial crisis, according to Ed Trissel, Warburg Pincus spokesman.

    The fund fell just shy of its $12 billion fundraising target, but firm executives made good on their promise to hold a final close on the fund within one year of its May 2012 first close.

    The fund will invest in growth companies in five industry sectors: energy; financial services; health care; technology, media and telecommunications; and consumer, industrial and services.

    Many investors in the new fund come from outside the U.S, according to a news release. Investors are public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals. They include the $72.5 billion New Jersey Division of Investment, Trenton, and $1.9 billion Oklahoma Police Pension & Retirement System, Oklahoma City.

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