Madison Realty Capital Closes $2.04B Real Estate Debt Fund
Madison Realty Capital closed Madison Realty Capital Debt Fund VI LP at $2.04 billion. The fund will focus on loan origination and acquisition in major U.S. metropolitan markets.
The fund invests in multifamily and residential-related properties with a focus on hotel, student housing, land, industrials, retail and office. Fund VI will invest between $6 billion and $8 billion, including leveraged and recycled capital.
Fund VI is the largest U.S. focused real estate debt fund raised to date and second largest real estate debt fund raised overall this year, the firm said.
The fund attracted backing from new and current institutional investors in North America, the Middle East, Europe, and Latin America, as well as an expansion of its Asian investor base. Fund VI garnered support from current investors, with returning institutional investors accounting for over 70% of the fund.
“Institutional investors are increasingly focused on private credit, which is a rapidly growing portion of many portfolios,” said Adam Tantleff, managing principal of Madison Realty Capital.
To date, the fund has executed over $3.79 billion in deal activity across 26 transactions in all major U.S. metropolitan markets and regions, with about 45% of its capital commitments being called.
Madison Realty Capital manages over $21 billion in assets, has completed roughly $48 billion in transactions since its founding, and employs over 150 people in New York, Los Angeles, Charlotte, Japan, and the Middle East.
