The closing of the firm’s fourth institutional real estate debt investment vehicle has been announced by MRC managing principal, Adam Tantleff.
The discretionary private equity fund raised a total of US$1.136 billion in capital commitments, exceeding its original target of US$1 billion. (US$1 = RM4.13)
MRC sourced capital from global investors from the United States, Europe, the Middle East and Asia, including public and corporate pension funds, foundations and endowments, family offices and wealth managers.
“As one of the early institutionally-backed private real estate debt funds, we have grown our platform and increased our market share, and our newest fund provides us with over US$4.5 billion of capacity to address the needs of our clients,” said Tantleff.
He also announced that the firm had now completed in excess of US$10 billion in debt and equity transactions since its inception 15 years ago.
MRC Debt Fund IV originates and acquires commercial mortgage loans, mezzanine loans and preferred equity interests.
Previously, Madison Realty Capital Debt Fund III LP, raised a total of US$695 million in capital commitments, substantially exceeding its original goal of US$600 million.
-- BERNAMA
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