CalPERS allocates $350M to
Canyon Catalyst Fund

It invests in office, retail, industrial, multifamily and mixed-use projects

Los Angeles /
Nov.November 01, 2017 12:00 PM

The California Public Employees’ Retirement System (CalPERS) has allocated another $350 million to its Canyon Catalyst Fund managed by Canyon Partners Real Estate firm, the agency announced Tuesday.

This brings CalPERS’ financial commitment to the emerging managers program up to $1 billion, according to a company statement.

Canyon Catalyst Fund, which launched in 2012, invests in office, retail, industrial, multifamily and mixed-use projects across Southern California. It currently holds 27 investments across the state. Its partners include Rubicon Point Partners, Pacshore Partners, Paragon Commercial Group, Sack Properties and BKM Capital Partners.

The program, whose objective is to identify early stage funds with strong potential for success, has plans to expand into Phoenix, Seattle, and Portland metro areas, and expects to venture into the self-storage and student housing sectors.


Related Articles

arrow_forward_ios
Renderings of the Little Tokyo Service Center (KoningEizenberg) 
$275M approved for LA affordable housing projects
$275M approved for LA affordable housing projects
Josh Zegen and rendering of 21555 Oxnard Street (iStock, Google Maps)
Madison Realty Capital provides $34M loan-on-loan for Warner Center redevelopment
Madison Realty Capital provides $34M loan-on-loan for Warner Center redevelopment
Brookfield CEO Brian Kingston and 725 South Figueroa Street (Google Maps)
Brookfield lands $305M refi for Ernst & Young Plaza in DTLA
Brookfield lands $305M refi for Ernst & Young Plaza in DTLA
Interest rate drops spur loan requests from multifamily borrowers (Credit: iStock)
Multifamily owners rush to refinance their mortgages
Multifamily owners rush to refinance their mortgages
Best of TRD 2019 promo
Coming soon: The Real Deal’s Best of 2019
Coming soon: The Real Deal’s Best of 2019
2201 Rosecrans Ave in El Segundo
Continental snags $55M refi on El Segundo office portfolio
Continental snags $55M refi on El Segundo office portfolio
From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)
Will rent control dent the multifamily market? Lenders, investors weigh in
Will rent control dent the multifamily market? Lenders, investors weigh in
East LA Community Corporation President Isela Gracian, CIT Bank President Robert Rubino and the two projects
East LA Community Corp. lands $55M in loans for affordable housing projects
East LA Community Corp. lands $55M in loans for affordable housing projects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...