Canyon Capital Realty Advisors and Andre Agassi Ventures have joined hands to roll out a new real estate fund. The Canyon-Agassi Charter School Facilities Fund seeks to spend $500 million on charter schools in urban communities across the U.S.

The vehicle will develop over 75 urban campuses over the next 3-4 years. Citigroup, Intel Capital and Ewing Marion Kauffman Foundation have invested in the Los Angeles-based fund.

Click here for the release from Business Wire.