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Warburg Pincus to sell about $1.2 bln of Asian investments in secondary deal: WSJ

Warburg Pincus has agreed to sell about $1.2 billion worth of Asian investments from one of its funds in a secondary deal, according to the Wall Street Journal. The largest buyers in this transaction are Lexington Partners and Goldman Sachs. In May 2013, Warburg Pincus Private Equity XI LP closed at $11.2 billion.