<p>Private equity firm Warburg Pincus is reportedly hoping to raise $1.6 billion for a new fund that will be dedicated to investments in the financial services sector. </p>
<p>The dedicated vehicle would be the company’s first to target the sector, according to a Bloomberg article citing unidentified individuals familiar with the matter. Marketing efforts are apparently underway and the firm is aiming for an initial close this December, the article added. </p>