Canyon Partners raises $500m

The Los Angeles-based real estate investment firm wrapped up fundraising for the joint venture vehicle.

Canyon Partners Real Estate has achieved the final close for its the AECOM-Canyon Equity Fund at $500 million.

The co-managed fund targets a variety of properties with a build-to-core strategy in top-tier cities in the US. The ticket size ranges from $15 million to $50 million. To date, the fund has invested in three projects with $65 million deployed.

Two partners of the fund, Canyon Partners and AECOM Capital, have contributed $50 million to the vehicle.