Warburg Pincus Hits Record on Route to $10 Billion in Exits

Warburg Pincus has generated almost $10 billion in returned capital for investors this year, people familiar with the matter said, having set a firm-wide record for realizations in the first six months alone.

The private equity group has been offloading assets to a mix of strategic and sponsor buyers. Recent deals have included the multibillion-dollar sales of health records software provider ModMed to Clearlake Capital, HR software group Neogov to EQT AB and Canada Pension Plan Investment Board, and pumps and compressor maker Sundyne to Honeywell International Inc.

It means that, including the recently signed exits, Warburg has ...