Managers

Warburg Pincus has received commitments from 340 investors for its latest buyout fund, which will target real estate and other strategies. The firm also will offer a fee break to LPs committing $200 million or more.

The global investment management firm said it was ‘engaging with investors’ on the launch of the Henderson High Income Real Estate Debt Fund and Senior Secured Real Estate Debt Fund.

The $110 billion pension fund has contributed $150 million each to Apollo’s US Real Estate Fund and Westbrook’s Fund IX.

The New York-based real estate, infrastructure and real resources investment platform of Franklin Templeton Investments has amassed a total of $319.2 million in commitments for its third global multi-manager fund, which was the first of its funds to target US institutions.

The Houston-based real estate firm has corralled a total of €390 million for its Hines Russia & Poland Fund, giving the vehicle total leveraged purchasing power of €900 million in the region.

A cocktail of firms, including Gaw Capital, a major US institution, the Italian Fingen Group of the Fratini family and Sino-US company Waitex, have clubbed together for a designer outlet joint venture, with Henderson Global Investors acting as investment advisor alongside the RE development arm of Fingen.

The contribution to $125 million value-added shopping centre vehicle follows the university’s recent commitment to real estate funds from The Related Companies and BLG Capital.

Just days after the Hong Kong firm announced the departure of founder and chief executive officer Rong Ren, its head of capital raising and business development, George Agethen, has handed in his notice. He is one of approximately 10 others to leave.

The Montreal-based real estate subsidiary of Caisse de dépôt et placement du Québec will put up 75 percent of the capital for the $400 million project. The investment is expected to close by the end of the month, with construction set to begin before year-end.

The core investment vehicle, called TechCore, will be managed by the Menlo Park, California-based private equity real estate firm and will invest in technology-focused properties in the US.