Warburg Pincus Targets Up to €1.5 Billion for Defense Fund

Warburg Pincus is considering a dedicated defense fund to tap rising investor demand for the sector as Europe hikes military spending, people familiar with the matter said.

The New York-based private equity firm could seek €1 billion ($1.2 billion) to €1.5 billion for the fund and has held talks with potential investors, according to the people.