Warburg Pincus Raises Stake In Asian RE Fund

US private equity firm Warburg Pincus is raising its stake in Asian real estate fund manager ARA Asset Management Ltd (ARA) to 48.7% from 30.7%, as it seeks to capitalise on rising investor interest in property funds, both firms said in a statement. "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.