Warburg Pincus raises EUR 994 mln for global property fund

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.'

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