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Warburg Pincus closes inaugural Asia real estate fund at USD2.8bn

Global private equity firm Warburg Pincus has closed Warburg Pincus Asia Real Estate Fund with committed capital of USD2.8 billion, making it one of the largest ever first-time dedicated real estate funds globally and the second largest active opportunistic real estate fund in Asia.

The fund was launched in November 2020, initially targeting a fund size of USD1.5 billion. Due to the strong demand from the limited partners, the Fund received commitments in excess of the USD2.5 billion hard cap set during the fundraise and completed a final close at USD2.8 billion. Over 60 per cent of the capital raised was from leading institutional investors in Asia.

The limited partners that have committed to the Warburg Pincus Asia Real Estate Fund include existing investors in Warburg Pincus’ funds and new investors to the firm, including leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, and high-net-worth individuals.

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