Texas Permanent School Fund has committed $60 million to Warburg Pincus’s new Asia Real Estate fund.
Warburg Pincus launched the fund in March, setting a $1.5 billion fundraising target. Warburg Pincus has been an active investor in Asia Pacific real estate, focusing on a variety of major real estate platforms in this region — many of which Warburg Pincus cofounded alongside the entrepreneurs.
According to the firm’s website, Warburg Pincus’s real estate investments span all major categories, with a particular emphasis on “new economy” verticals. Warburg Pincus says it has established a track record across residential, commercial, hospitality, industrial, logistics, data centers and other niche real estate sectors, including parking and self-storage. Its investment experience has been across the value chain and in partnership with major real estate owners, developers, o
