Warburg Pincus inches closer to buying a stake in Chinese fund Zhong Ou

Warburg Pincus inches closer to buying a stake in Chinese fund Zhong Ou

Jeffrey Perlman, Managing Director and Head of Southeast Asia, Warburg Pincus. Photo: DEALSTREETASIA

Warburg Pincus is moving closer to buying a stake in Zhong Ou Asset Management Co from Intesa Sanpaolo, according to exchange filings and a source, underscoring the U.S. private equity giant’s unabated interest in China’s $3.8 trillion mutual fund industry.