Ex-Canyon Capital Execs. Raise $50 Million Fund

May 14 2013 | 10:38am ET

A trio of Canyon Capital Realty Advisors veterans have launched their own real-estate fund with $50 million.

Los Angeles-based Tryperion Partners' RE Fund I will make equity investments of between $5 million and $15 million in a variety of real-estate opportunities in the western and southwestern U.S., the firm said. The vehicle will seek a mix of office, retail, hospitality and multifamily properties, targeting "fundamentally strong secondary markets overlooked by institutional capital and large real-estate investment firms."

Tryperion was founded by Joseph Kessel, Eliot Bencuya and Jeffrey Karsh, former colleagues at the Canyon Capital hedge fund.


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