Warburg Pincus to offload $1.2b worth of Asian assets in secondary sale

Warburg Pincus to offload $1.2b worth of Asian assets in secondary sale

The skyline of Beijing, China. Photo: Pixabay

Global private equity firm Warburg Pincus is selling about $1.2 billion of its Asian investments in a secondary deal to investors including Lexington Partners and Goldman Sachs’ asset management arm, according to report by the Wall Street Journal.

The New York-headquartered PE firm will dispose the group of assets from the Warburg Pincus Private Equity XI LP, the $11.2-billion investment vehicle that completed fundraising in 2013, the Wall Street Journal said, citing sources.

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