Canyon Partners holds $450m final close on debt fund

Canyon Partners, a global alternative asset management firm, has held a $450 million final close on a real estate debt vehicle. The Canyon Partners Real Estate debt platform is focused on the origination of senior and subordinate debt investments secured by institutional-quality real estate across primary and secondary markets in the United States.

“Over the past 27 years, our real estate debt investments supported the financing of approximately $9 billion of real estate assets. In today’s market, we are seeing opportunities to lend on high-quality real estate projects at particularly favorable risk/reward profiles,” said Josh Friedman, co-founder of Canyon.

Canyon Partners Real Estate’s investment efforts focus on varying segments of the U.S. commercial real estate market across both opportunistic and value-add debt and equity investments.

Canyon Partners has more than $24 billion in assets under management.