Warburg Pincus agreed to acquire an additional 18% stake in ARA Asset Management, a real estate fund management company, for $274m. “Alongside our fellow shareholders, we are pleased to have supported and contributed to ARA’s significant growth over the past few years. The substantial increase in our shareholding in ARA demonstrates our strong confidence in its scalable business model and John’s visionary leadership. 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. Lastly, we want to acknowledge AVIC Trust’s strong contribution to the business and look forward to working with them again in the future,” Jeffrey Perlman, Warburg Pincus Managing Director and Head of Southeast Asia.