Warburg Pincus to open Singapore office

Warburg Pincus Managing Director Jeffrey Perlman (pictured), previously based in Hong Kong, will serve as head of Southeast Asia. Perlman led the firm's investments in Vietnam's Vincom Retail, committing $200 million to the shopping mall operator in 2013 and leading a consortium to invest another $100 million last year. He also led a $34 million investment last year in Indonesian shopping mall and hotel developer Nirvana Wastu Pratama.

The Singapore base, which is expected to open in July depending on regulatory approval, will be Warburg Pincus' ninth investment office worldwide and its fifth in Asia; its other offices in the region are in China and India. Since opening its first Asia office in Hong Kong in 1994, the GP has invested over $10 billion in the region.

"Singapore is at the heart of the ecosystem for business and investment activities in Southeast Asia," Perlman said in a statement. "Our new office in Singapore will provide us a strong local presence, and we will also seek to leverage the firm's global expertise across each of our industry sectors to provide long-term value to our existing and future partners in the region."

Warburg Pincus joins a number of its private equity peers that have already established offices in Singapore, such as KKR, which opened its office in 2012, and Blackstone, whose office opened in 2013. The Carlyle Group, TPG Capital and CVC Capital have also had operations in Singapore for several years.

Currently Warburg Pincus is investing out of its latest global fund, which closed in November at the hard cap of $12 billion. The fund seeks investments in businesses across a variety of sectors, including energy, financial services, healthcare and consumer, industrial and business services, and technology, media and telecom.

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• Topics
• Southeast Asia
• GPs
• Growth
• Singapore
• Warburg Pincus Asia