AECOM, Canyon Partners close USD 500m fund.

Global Banking News-October 29, 2019-AECOM, Canyon Partners close USD 500m fund

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AECOM-Canyon Partners have announced the final closing of its fund with total commitments of USD 500m, the companies said.

AECOM-Canyon Partners is a joint venture between AECOM Capital, the investment adviser of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with over USD 25 billion in assets under management. The partnership represents a unique combination of complementary skill sets in both investment and development.

The platform intends to provide joint venture equity across over USD 4 billion of assets with high quality development partners, primarily targeting build-to-core investments in the top 25 US markets across all property types, including multifamily, mixed-use, office, hospitality, industrial, and student housing. In addition to capital, the joint venture partnership is seeking to deliver best-in-class design, construction management, and engineering expertise as well as credit support for its development partners.

AECOM Capital is an investor and developer of real estate and other...

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