Canyon Partners raises $1.2b for its real estate debt strategy

12/12/2024

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IREI

• Subcategory: Capital Markets: Debt, Capital Markets: Fund

• Tag: Closing | Investment | New Fund

• Additional Filters-Subcategory: Capital Market: Bridge Loan, Capital Markets: Credit Facility, Capital Markets: Fund-Debt, Capital Markets: Mezzanine

Canyon Partners Real Estate has held a final close of the Canyon U.S. Real Estate Debt Fund III (CRED III), a real estate credit investment strategy with approximately $1.2 billion of assets, surpassing its $1 billion fundraising target. CRED III represents Canyon’s largest U.S. real estate debt fund to date, nearly doubling its $650 million predecessor fund.