Nova, headquartered in Shanghai, China, was founded in 2015 by Warburg Pincus and a Chinese entrepreneur, and focuses on the acquisition of properties, with high growth potential, for conversion into for-rent apartments and creative office spaces. Nova targets acquisition opportunities in Shanghai and other first-tier economic centers within the Beijing-Tianjin-Hebei region and Pearl River Delta area, and aims to become one of China’s best commercial property investors and asset managers.