Drew Fung and Thanh Bui have joined Clarion Partners as part of the expansion of the firm's real estate debt business, confirmed Suzanne Franks, spokeswoman.
Both are managing directors; Mr. Fung is also head of debt investments.
They will focus on private real estate debt — subordinated debt instruments backed by commercial real estate including mezzanine loans, Mr. Fung said in an interview.
Mr. Fung was managing director and head of debt investment and Ms. Bui was a director at RREEF Real Estate. Their responsibilities “will be assumed by our real estate debt team,” Mayura Hooper, RREEF spokeswoman, said in an e-mail.