Warburg Pincus, which claims to be the nation’s oldest private equity firm, is facing the future the same way it handled the past—by sticking to its roots. That’s the case even as a new team of young guns take the reins, including 41-year old Jeff Perlman, who became Warburg’s CEO last July. In an interview with Fortune, Perlman said the nearly 60-year-old Warburg doesn’t expect to change into a lender or list its shares or evolve into an alternative asset manager.
Perlman also made clear Warburg won't be joining the private equity industry's rush into private credit, which has emerged as the hottest area of investing on Wall Street. While Warburg currently has a $4 billion capital solutions founders fund that it raised last year, the pool provides financing to companies but is not a direct lending private capital fund.
