Canyon Partners Closes a $450 Million Real Estate Debt Fund
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Canyon Partners LLC has closed a real estate debt fund with more than $450 million in commitments, the Los Angeles-based hedge fund announced Thursday.
The property fund will focus on originating senior and subordinate debt in markets across the U.S., Canyon said in a statement. “In today’s market, we are seeing opportunities to lend on high-quality real estate projects at particularly favorable risk/reward profiles,” Josh Friedman, co-founder of Canyon, said.