Canyon Partners Real Estate has closed Canyon Laurel Fund II, a real estate debt vehicle with over $650M of assets across the fund and related co-investments.
Canyon Laurel Fund II is Canyon's largest US real estate debt vehicle to date and is a significant increase from the $530 million predecessor fund, including related co-investments. Canyon's direct real estate investment arm, which has doubled in size in the last few years, manages a real estate portfolio today of over $6 billion of project capitalization.
The new fund targets senior and subordinate debt investments across all major property types in the top US markets. Canyon has already deployed over 60% of the fund in primary originations and secondary market purchases.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
