Warburg Pincus, SK D&D, and D&D Investment to form joint venture.

Warburg Pincus, a company specializing in private equity and real estate investment, SK D&D, a company focused on real estate development and operations, and D&D Investment, its asset management arm, announced a joint venture. Financial terms were not disclosed. “We have built a high conviction that the senior housing market in South Korea presents tremendous opportunities, fueled by the shifting demographics and a growing aging population. In 2024, South Korea has officially become a super-aged society, with individuals aged 65+ representing 20% of the population, amid a significant shortage in both the quantity and quality of senior housing options. Meanwhile, the South Korean government has proactively introduced supportive policies and measures to bolster the senior housing market in recent years, providing a significant tailwind to this nascent industry. We are pleased to partner with SK D&D and D&D Investment to foray into the senior housing market in South Korea and look forward to leveraging our respective expertise and resources to capture the opportunities,” Takashi Murata, Warburg Pincus Managing Director, Co-Head of Asia Real Estate and Head of Japan.