New commitments to Tricon real estate fund raises total to $301.5 mln

Tricon Capital Group, a Toronto-based private equity firm focused on real estate, has announced a supplementary closing of US$40 million for its most recent U.S. distressed residential real estate fund, Tricon XI LP. As a result, the institutionally-supplied fund's size now totals US$301.5 million.This closing, which includes commitments from two existing institutional investors, increases Tricon's total capital under management to more than $1.6 billion.

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