US private equity firm Warburg Pincus’s latest $8bn fund is to partly target European property.
Warburg Pincus Private Equity IX will also invest in Asian and North American property. No fixed allocation has been set for property, but the firm has already invested $1bn in the sector. In the UK, Warburg Pincus has backed Resolution, providing $200m for its second European investment drive, while in the US, it has backed self-storage company StorageMart, Greenpark, which cleans up and sells brownfield sites, and residential developer Wall Homes.
