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Laxman Pai, Opalesque Asia:

Private debt fund manager and portfolio lender Mesa West Capital - the credit arm for Morgan Stanley Investment Management - raised $1.37 billion for a lending platform named Mesa West Real Estate Income Fund V, exceeding its original $1 billion fundraising target for the Fund.

According to a press release from the commercial real estate debt fund manager and portfolio lender, Fund V is the latest and largest in Mesa West's closed-end value-add series, which was established in 2005, and is the first successor vehicle raised by Mesa West since joining Morgan Stanley Investment Management.

Surpassing the $900 million in commitments raised for Mesa West Real Estate Income Fund IV, L.P., Fund V's investors include a sophisticated group of domestic and international public and private pension funds, insurance companies, and individual investors, the release said.

"Fund V has been established to originate, purchase, and manage loans secured by value-add / transitional commercial real estate assets throughout the United States, which has seen increased demand due to regulatory changes resulting from the Global Financial Crisis and the current volatility and dislocation in the capital and property markets," the firm said.

The Fund intends to create a diversified portfolio of investments designed to produce current income and attractive risk-adjusted returns, it added.

"We are extremely pleased with the continued support and ......................

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