Form 3 Warburg Pincus Capital For: Mar 04 Filed by: Turner Christopher H

March 4, 2021 9:24 PM EST

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FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Turner Christopher H

(Last) (First) (Middle)
C/O WARBURG PINCUS CAPITAL CORP I - B
450 LEXINGTON AVENUE

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/04/2021
3. Issuer Name and Ticker or Trading Symbol
Warburg Pincus Capital Corp I-B [ WPCB ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
/s/ Tara O'Neill as attorney in fact for Christopher H. Turner 03/04/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                               POWER OF ATTORNEY
                      FOR SECTION 16 REPORTING OBLIGATIONS

                                 March 4, 2021

        KNOW ALL BY THESE PRESENTS, that the undersigned hereby makes,
constitutes and appoints Tara O'Neil signing singly, as the undersigned's true
and lawful attorneys-in-fact, with full power and authority as hereinafter
described on behalf of and in the name, place and stead of the undersigned to:

        (i)    execute for and on behalf of the undersigned, in the
               undersigned's capacity as a director, officer or beneficial owner
               of shares of stock of Warburg Pincus Capital Corporation I-B, a
               Cayman Islands exempted company (the "Company"), any Schedule 13D
               or Schedule 13G, and any amendments, supplements or exhibits
               thereto (including any joint filing agreements) required to be
               filed by the undersigned under Section 13 of the Securities
               Exchange Act of 1934, as amended, and the rules and regulations
               promulgated thereunder (the "Exchange Act"), and any Forms 3, 4
               and 5 and any amendments, supplements or exhibits thereto
               required to be filed by the undersigned under Section 16(a) of
               the Exchange Act;

        (ii)   do and perform any and all acts for and on behalf of the
               undersigned which may be necessary or desirable to complete and
               execute any such Schedule 13D, Schedule 13G, Form 3, 4 or 5 and
               timely file such forms with the United States Securities and
               Exchange Commission and any stock exchange on which the stock of
               the Company is then listed; and

        (iii)  take any other action of any type whatsoever in connection with
               the foregoing which, in the opinion of such attorneys-in-fact,
               may be of benefit to, in the best interest of, or legally
               required by, the undersigned, it being understood that the
               documents executed by such attorneys-in-fact on behalf of the
               undersigned pursuant to this Power of Attorney shall be in such
               form and shall contain such terms and conditions as such
               attorneys-in-fact may approve in such attorneys-in-fact's
               discretion.

        The undersigned hereby grants to such attorneys-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorneys-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of this Power of
Attorney and the rights and powers herein granted. The undersigned acknowledges
that the foregoing attorneys-in-fact, in serving in such capacity at the
request of the undersigned, are not assuming, nor is the Company assuming, any
of the undersigned's responsibilities to comply with Section 13 and Section 16
of the Exchange Act.

        This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file reports or schedules under Section 13
or Section 16 of the Exchange Act with respect to the undersigned's holdings of
and transactions in securities issued by the Company, unless earlier revoked by
the undersigned in a signed writing delivered to the foregoing attorneys-in-
fact.

                                 *  *  *  *  *


        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of the date first written above.

                                             /s/ Christopher H. Turner
                                             --------------------------------
                                             Christopher H. Turner
 


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