Warburg Pincus Recognized For Multiple Key PERE Awards Mar 1, 2022
Warburg Pincus was recognized as ‘Firm of the Year in Asia’ and ‘Capital Raise of the Year in Asia’ by Private Equity Real Estate (PERE) for 2021. Jeffrey Perlman, Managing Director and Head of Asia-Pacific Real Estate and Southeast Asia at Warburg Pincus, was named ‘Industry Figure of the Year in Asia’.
In addition, Warburg Pincus’ portfolio companies ESR and New Ease were honored as ‘Deal of the Year in Asia’ (the acquisition of ARA) and ‘Firm of the Year in China’, respectively. The PERE awards recognize the year's most outstanding investors, managers and individuals, which are highly respected across the globe.
Warburg Pincus has been investing in Asia real estate companies and platforms for over 15 years. It is one of the largest and most active investors in Asia real estate, with over $7 billion invested in close to 50 real estate ventures, including some leading platforms which Warburg Pincus co-founded alongside best-in-class entrepreneurs such as ESR, Vincom Retail, Princeton Digital, DNE, and BW Industrial.
In 2021, Warburg Pincus achieved another record year. In terms of fundraising, Warburg Pincus successfully raised its inaugural Warburg Pincus Asia Real Estate Fund with a final close of $2.8 billion, making it one of the largest ever first-time dedicated real estate funds globally and the 2nd largest active opportunistic real estate fund in Asia. Warburg Pincus also expanded its franchise in New Economy real estate through new ventures with leading logistics, cold storage, rental apartment and data center operators across the region as well as continued investments in current Warburg Pincus portfolio companies.
In addition, Warburg Pincus’ portfolio companies completed a number of landmark transactions, which further solidified their leading positions in the industry.
The acquisition of ARA Asset Management by ESR created APAC’s leading real asset manager powered by the New Economy and the third largest listed real estate investment manager globally with a gross AUM of US$140 billion. This transformational transaction creates the largest New Economy real estate platform with nearly $60 billion of logistics AUM.
Another major event was the merger of two existing Warburg Pincus portfolio companies, D&J and New Ease, to form DNE, a leading integrated New Economy infrastructure developer and operator in China. With over $12 billion in AUM, DNE operates across key New Economy verticals, including logistics, life science properties, IT offices and modern manufacturing parks. As part of the transaction, DNE raised over $1.5 billion from leading investors.
Technology disruption has been a core foundation for Warburg Pincus’ real estate investment strategy. Over a decade ago, the firm identified the transformational impact from technology as a key factor that would impact many types of real estate. The rapid expansion of e-commerce, the accelerating digital transformation, and the fast development of technology companies continue to give rise to the strong demand for logistics, data centers, IT offices, and life science parks. Identifying this trend early, the firm began building its exposure in logistics and IT office parks over 10 years ago and had sold all of its retail and commercial assets in China by 2015. Starting with the co-founding of ESR in 2011, which has grown to become the largest logistics real estate players in the region, Warburg Pincus increased the exposure of its New Economy real estate investments to over 2/3 of its real estate portfolio, including its co-founded platforms such as Princeton Digital, a leading pan-Asian data center provider, and DNE, a best-in-class New Economy infrastructure developer and operator in China.
Warburg Pincus is committed to responsible investing that encourages environmental sustainability, social responsibility, and effective corporate governance (“ESG”), with a belief that an effective ESG program will enable the firm and its portfolio companies to better manage risk, improve efficiency, reduce costs, maintain strong stakeholder relations, and build more valuable, competitive, and sustainable entities.
For more information, please refer to:
- PERE Keynote Interview: Warburg Pincus on thriving in a volatile environment
- PERE 2021 Awards: Asia-Pacific awards: Shifting into ‘new economy’ real estate
About Warburg Pincus
Warburg Pincus is a leading global growth investor. The firm has more than $73 billion in private equity assets under management. The firm’s active portfolio of more than 235 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 20 private equity funds and 2 real estate funds, which have invested more than $100 billion in over 1000 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com