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Laxman Pai, Opalesque Asia: Madison Realty Capital, a vertically integrated real estate private equity firm focused on bond and equity strategies, announced the final close of Madison Realty Capital Debt Fund V, raising $2.08bn in equity commitments, exceeding the fund's $1.75bn target.
Fund V received significant support from existing investors as approximately 70% of the institutional LPs in Madison's prior fund re-upped into Fund V, said a press release from the New York-based nonbank lender that manages approximately $8 billion in total assets on behalf of a global institutional investor base.
Additionally, 52% of the capital committed for Fund V came from new limited partners, both domestically and abroad.
Madison's global, institutional investor base has historically included public and corporate pension plans, sovereign wealth funds, endowments and foundations, insurance companies, family offices, and high net worth individuals located in the United States, the Middle East, Europe, and Asia. Madison has now expanded its investor presence to include Australia, Latin America, and Canada, as well as new regions within the Middle East, Europe, and Asia.
Fund V expands on Madison's investment strategy to serve as a single source of customized flexible financing solutions for borrowers' unique needs providing them with speed and certainty of execution. Fund V originates and acquires loans across asset classes including multifamily, mixed-use, retail, office...................... To view our full article Click here
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