McGill and Partners has been selected by Warburg Pincus, a global private equity firm, to join its first ever multi-asset continuation fund. Warburg Pincus, which was a cornerstone backer of McGill and Partners in 2019, has created the new fund. 

It is composed of a diversified portfolio, all of which have demonstrated significant success to date and high growth potential. The $2.2 billion continuation fund will provide McGill and Partners, along with the other companies in the fund, the opportunity and resources to maximise value creation.  

This milestone is particularly significant for McGill and Partners as it: 

• Highlights the investor appeal of McGill and Partners’ specialisation and focus, and its strategy to grow through the acquisition of talent rather than businesses  

• Signals the maturity of the business and the significant value that has already been created, recognised and validated by the highly respected continuation fund investors 

• Demonstrates the strength of the partnership with Warburg Pincus and its continued commitment to McGill and Partners 

• Emphasises the company’s substantial growth prospects and opportunities 

Inclusion in the continuation fund marks an important milestone for McGill and Partners, following its significant growth since Warburg Pincus’s initial investment in May 2019. It now has 11 offices across three continents, with over 550 colleagues, each of whom has an equity stake in the business. Colleagues will retain their significant stake in the business following closing of the continuation fund. 

Steve McGill, founder and CEO of McGill and Partners commented: “This is a terrific endorsement of the progress our talented colleagues have made in growing our business from scratch in the last five years. As the fastest-growing global specialty firm in the industry, we are excited by the incredible prospects for further growth, which has been recognised by the high-quality investors in this prestigious continuation fund. We look forward to continuing to partner with Warburg Pincus as we go from strength-to-strength.” For more information on Warburg Pincus’ continuation fund please click here.