US private equity powerhouse Warburg Pincus has closed its inaugural Asia-focused real estate fund at $2.8 billion, the firm said on Wednesday.
The Warburg Pincus Asia Real Estate Fund is the second-largest fund dedicated to the sector in Asia, according to data provider Preqin. Blackstone Group raised $7.1 billion in the region’s largest real estate fund in 2018, the data showed.
