C
anyon Partners Real Estate has closed its Canyon US Real Estate Debt Fund III, a $1.2 billion real estate credit investment strategy that exceeded its $1 billion fundraising target. The fund represents the firm's largest U.S. real estate debt fund to date, nearly doubling its predecessor fund of $650 million.

    "We're witnessing a generational opportunity for real estate debt investing," said Robin Potts, partner at Canyon and chief investment officer of real estate. "Our disciplined approach has delivered strong performance across market cycles, and we see significant opportunities in today's interest rate environment to provide flexible capital solutions while creating attractive returns."

    Canyon Partners' CRED III has attracted a diverse global investor base from the U.S., Asia, Middle East, Europe, and South America. The fund targets senior and subordinate real estate debt investments across the nation, with a focus on multifamily and defensive asset classes benefiting from supply/demand imbalances and demographic trends.

    Canyon Partners' direct real estate investment arm has managed institutional capital since the 1990s, currently overseeing $4 billion of investor capital across approximately $12.6 billion in total real estate assets.