Inaugural Asian Real Estate Fund Closed at $2.8 Billion by Warburg Pincus

American private equity firm Warburg Pincus, on Wednesday, closed its inaugural real estate fund focus on Asia-market, at $2.8 billion. The powerhouse firm is the second largest Asia based real estate fund, as per Preqin, a data provider. But 2018’s $7.1 billion fund raising by Blackstone Group remains region’s biggest deal so far.
Warburg Pincus’s Asian real estate fund will largely focus on investing its chunk in asset level, technology enabled, and technology driven sectoral opportunities in real estate segment of the Asia. The company said they are seeing once-in-a-generation technological transformation in the Asian real estate industry, where all the global players are trying to rebalance their portfolios by investing in technologically changing real estate landscape.