CEBU, Philippines -- Global private equity firm Warburg Pincus has made the final close for its China-Southeast Asia-focused private equity fund, Warburg Pincus China-SEA II, after securing commitments exceeding a $4.25 billion hard cap. The vehicle, which is Warburg Pincus' first fund with a dedicated focus on Southeast Asia, was launched in January this year with a target fund size of $3.5 billion. Warburg Pincus China-SEA II will invest in Chinese and Southeast Asian portfolio companies alongside the firm's global PE fund, Warburg Pincus Global Growth Fund LP (WPGG), which closed in late 2018 at $14.8 billion.