Combined subscriptions across the fund and its offshore parallel vehicle reached roughly $45.3 million on a single April closing date.

May 6, 2026

Warburg Pincus Access Fund, L.P. raised $37,263,800 through the sale of unregistered limited partnership units on April 1, 2026, according to a current report submitted to the Securities and Exchange Commission. The Delaware-organized vehicle, an emerging growth company managed by Warburg Pincus LLC, disclosed the transactions as part of its continuous private offering of interests to outside investors.

Class B units drove the offering

The bulk of the proceeds came from Class B1 units, which generated $36,515,000 across roughly 1.43 million units sold. A smaller Class B3 tranche contributed $748,800 from about 29,245 units. The offerings were exempted from registration under the Securities Act of 1933 through Section 4(a)(2) and Regulation D, and pricing was keyed to the fund’s transactional net asset value as of March 31, 2026.

Parallel-vehicle structure adds scale

A portion of the units were issued to investors that came in through Warburg Pincus Access Fund (TE), L.P., a Delaware-organized feeder vehicle established to channel third-party capital into the main fund. The Access Fund is structured to invest alongside another Warburg Pincus-managed vehicle organized outside the United States that pursues substantially similar objectives and strategies. Together, those entities are referred to as WP ACE. On the same April 1 closing date, WP ACE collectively sold interests valued at roughly $45,292,125 across their respective ongoing private offerings.

Transactional NAVs disclosed across share classes

The report also provided a Regulation FD disclosure detailing transactional NAV per unit for each share class currently accepting outside capital. As of March 31, 2026, the per-unit values stood at:

• Class A1: $26.73
• Class A2: $26.74
• Class A3: $26.75
• Class B1: $25.59
• Class B3: $25.60
• Class E: $27.12

The fund calculates transactional NAV monthly through its investment manager. The figure reflects month-end investment values, plus other assets such as cash, less liabilities — including accruals for the management fee, the performance participation allocation, and class-specific charges such as servicing fees. The fund noted that the measure can differ from net asset value computed under U.S. generally accepted accounting principles, partly because of methodology distinctions in how certain expenses are treated.