Private equity firm Warburg Pincus has raised a $1.2 billion global real estate fund. The fund will be called Warburg Pincus Real Estate I, L.P. and will invest in real estate opportunities worldwide. So we can expect some investments in India too.
The fund has investors like state pension funds, and college endowments. New York-based Warburg Pincus is currently investing out of an $8 billion private equity fund it raised in 2005. Warburg's past and current real estate related investments include: Chelsea Property Group, Grubb & Ellis, Grupo Pinar, Guangzhou R&F Properties, Lennar Corp.
Warburg Pincus began as E.M. Warburg & Co., an investment banking and private investment counseling firm founded in 1939 by Eric Warburg. In 1966, the firm joined with Lionel Pincus & Co., a venture capital, investment and financial consulting firm.
Read Press Release Here
Source: VCCircle/Reuters
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