A $1.2 billion real estate fund officially closed on Monday. Global private equity firm Warburg Pincus will invest $1.2 billion into North American, European and Asian property investments. Warburg Pincus has invested in real estate since the early 1980s on both a proprietary and fund-specific basis.
“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,” says Warburg Pincus Co-President Joseph Landy.
This is the 12th fund raised by Warburg Pincus over the past 40 years. This latest fund will rely on an investor base of institutional investors. GE Asset Management is one investor in the fund, according to Warburg Pincus.