Warburg Pincus has increased its stake in Asian real estate fund manager ARA Asset Management to 48.7 percent from 30.7 percent. Terms of the deal were not disclosed.
“We look forward to leveraging our strong capital base to help the business become the largest real estate fund management platform in Asia Pacific and one of the largest globally,” said Jeffrey Perlman, head of Southeast Asia at Warburg Pincus.
