Simpson Thacher represented Canyon Partners Real Estate LLC in the formation and raising of Canyon US Real Estate Debt Fund III (together with related entities and accounts, “CRED III”), a real estate credit investment strategy that has closed with approximately $1.2 billion of assets. CRED III targets a range of senior and subordinate, primary and secondary market real estate debt investments as well as real estate credit securities across the U.S.
The Simpson Thacher team included Tom Wuchenich, Matthew Kemp and Jason Cernius (Funds); Jennifer Levitt, Connor Maag, Jackson Sullivan, John Graham and Victoria Lepesant (Credit); Benjamin Rippeon, Jacqueline Clinton, Kris Liu and Benjamin Bressler (Tax); and Jeanne Annarumma (ERISA).