Warburg Pincus, the global private equity firm, has announced the final closing of its new EUIR 994 mln ($1.2 bn) Warburg Pincus Real Estate fund that will invest in real estate worldwide. 'Real estate investing has been a focus area for Warburg Pincus for more than two decades, so I'm particularly pleased to be able to announce the close of this dedicated fund,' said Co-President Joseph P. Landy. We've moved to establish a separate fund for our global real estate investment activities at a time when the firm has seen its proprietary real estate deal flow increase substantially around the world.'
Warburg Pincus, the global private equity firm, has announced the final closing of its new EUIR 994 mln ($1.2 bn) Warburg Pincus Real Estate fund that will invest in real estate worldwide. 'Real estate investing has been a focus area for Warburg Pincus for more than two decades, so I'm particularly pleased to be able to announce the close of this dedicated fund,' said Co-President Joseph P. Landy. We've moved to establish a separate fund for our global real estate investment activities at a time when the firm has seen its proprietary real estate deal flow increase substantially around the world.'
This is the 12th fund raised by Warburg Pincus since the firm's founding in 1966', but the first to focus exclusively on global real estate. Nevertheless, Warburg Pincus has invested more than $1 billion in real estate and real-estate related transactions. The firm's investments span diverse real estate sectors including homebuilding, retail, senior housing, lodging, self-storage, land development and real estate services in North America, Europe and Asia. The firm currently has more than $10 bn under management.
