Warburg Pincus raises stake in Asia real assets fund manager
Warburg Pincus has agreed to increase its ownership of ARA Asset Management – an Asia Pacific real assets fund manager that was privatized in 2016 – as China’s AVIC Trust exited the business.
Through a series of transactions expected to conclude before May of next year, the private equity firm will control a 48.7% stake, up from 30.7% at the time of privatization, with AVIC going from 20.5%...
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