Tricon Capital Closes $261M Co-Investment in Tricon IX

Tricon Capital Group, a Canadian private equity firm focused on the real estate sector, has completed its previously-announced acquisition of a 68.4% interest in Tricon IX LP, a US$332 million U.S. distressed residential development fund managed by the firm. The net purchase price was approximately US$261 million. Tricon has its headquarters in Toronto.

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