Warburg Pincus Starts Europe Defense Fund With Munich Re Backing
Warburg Pincus was considering a dedicated defense fund as large as €1.5 billion.
Photographer: Pavlo Gonchar/SOPA Images/LightRocket/Getty ImagesWarburg Pincus has launched a fund for investing in European defense assets amid a historic rearmament in the region that will require billions of dollars in private capital.
The strategy will receive early backing from MEAG, the asset management arm of insurer of Munich Re, according to a statement Friday. The size of the fund was not disclosed.