Warburg-backed DNE sets up $871m RMB fund for new-economy assets in China

Warburg-backed DNE sets up $871m RMB fund for new-economy assets in China

DNE Group owns and operates Shanghai Lingang Life Sciences Park, a life sciences park located in Shanghai Zhangjiang Sciences City. Source: DNE Group.

Warburg Pincus-backed DNE Group has launched an RMB-denominated fund to invest 6 billion yuan ($870.8 million) in new-economy infrastructure assets across key economic hubs in the country, the firm announced on Wednesday.

Edited by: Joymitra Rai