Warburg Pincus sees China turning attractive again after valuation reset
Warburg Pincus CEO Jeffrey Perlman said China is becoming “quite attractive” for private equity investment following a sharp correction in valuations and as global competitors retreat.
Speaking in Tokyo, Perlman contrasted China’s decade of flat stock performance with strong U.S. equity gains despite the former’s robust economic growth, arguing that such dislocation offers long-term opportunities. He said companies growing 20% annually can now be bought at five to six times EBITDA, creating compelling entry points for patient investors.
Perlman said the firm sees Asia as one of the world’s cheapest regions for investors seeking alternatives to the U.S.
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Warburg Pincus is a leading global private equity firm headquartered in New York, with more than $80 billion in assets under management and a long track record of investing across growth, buyout, and real estate strategies. Founded in 1966, the firm has backed over 1,000 companies in more than 40 countries, including major names in technology, financial services, energy, healthcare, and consumer sectors. It is known for its long-term, partnership-driven investment approach and strong presence in Asia, where it has been active for more than three decades.
