Tricon raises $334 mln in final close of US residential real estate fund

Tricon Capital Group, a Toronto-based private equity firm focused on real estate, has closed its most recent U.S. distressed residential real estate fund, Tricon XI LP. An additional US$32 million in capital commitments has brought the fund's total size to approximately US$334 million, which is the largest in the firm's history. The final close of the partnership has increased Tricon's total assets under management to more than $1.7 billion.

ManagersCanadaNorth AmericaBriefs