Warburg Raises $2.8 Billion for Its First Asia Real Estate Fund

(Bloomberg) — Warburg Pincus raised $2.8 billion for its first fund dedicated to real estate in Asia, far exceeding its initial target as the firm taps interest from investors in technology-linked assets such as logistics and data centers.

Launched in November last year with a $1.5 billion target, The Warburg Pincus Asia Real Estate Fund LP raised 60% of its capital from leading institutional investors in Asia, the firm said in a statement Wednesday. It’s the second-biggest pool of such capital raised in the region after Blackstone Group LP’s $7.1 billion real estate fund in 2018.