Warburg Pincus and Madison International Realty have teamed up to create a $300m (€257.7m) real estate secondaries investment partnership.
The Warburg Pincus Capital Solutions Founders Fund and Madison have launched a dedicated vehicle for the two firms to partner and transact in the real estate secondaries market.
The partnership will focus on “effectuating differentiated real estate investments, utilising liquidity solutions to access value in preferred real estate asset classes such as data centres, industrial, cold storage, residential/ housing and other sectors”, the companies said.
José Arredondo, principal, Warburg Pincus, said: “We believe the real estate secondaries market represents a compelling opportunity at a time when liquidity is increasingly constrained.
“We are pleased to partner with Madison, a leading industry player for over two decades, and believe that our combined expertise, network and resources in the real estate sector will create a compelling and valuable partnership for growth.”
Ronald Dickerman, founder and president of Madison International Realty, said: “We believe this strategic partnership will allow us to enhance our dynamic liquidity solutions based positioning in the real estate market at exactly the time global investors seek them most.
“Warburg Pincus recognises the strength of our secondaries sourcing platform, the differentiation of our liquidity solutions-focused investment strategy, and Madison’s access to compelling real estate opportunities in this capital constrained environment.”
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