Global private equity firm Warburg Pincus has reached a final close for Warburg Pincus China with US$2 billion in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net worth individuals. The Washington State Investment Board reportedly committed US$200 million to the fund, which also received commitments of US$100 million from the New Jersey Division of Investment, US$75 million from the State Teachers Retirement System of Ohio and US$50 million from the Minnesota State Board of Investment. The fund is a companion vehicle to Warburg Pincus Private Equity XII, which reached a final close in 2015 with US$13.4 billion in commitments.