Private equity firm Warburg Pincus has set the ball rolling for a $1.5 billion Asia-focused real estate fund, as per a media report. It will mark the first Asian real estate fund from Warburg Pincus. Warburg Pincus Asia Real Estate LP has filed Form D with the US Securities and Exchange Commission for its upcoming fundraise.

It is not clear if the fund will invest in India but, given its exposure to the country, it is expected to channelise a good portion of the capital to the Indian real estate market.

The market has attracted private equity biggies from across the globe over the years. Warburg Pincus has backed, through direct and indirect routes, a bunch of platforms in the country spanning asset classes in the sector.

Asia-focused logistics company ESR, backed by Warburg Pincus, set up its India vertical three years ago, which has amassed 700 acres of land and a project portfolio of 16.6 million square feet. It plans to expand its portfolio through development, acquisitions and joint ventures.


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Source: VC Circle

By Swet Sarika