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MRC shores up its purse with $1.1B from global investors.

Madison Realty Capital (MRC) has raised $1.136 billion for its fourth debt fund.

Adam Tantleff, managing principal, the institutional real estate debt investment vehicle exceeded its original target of $1 billion.

He said 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.

"MRC is pleased to announce the final closing of our latest fund, which once again surpassed our initial target," Tantleff said.

"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 $4.5 billion of capacity to address the needs of our clients. We are especially grateful to our investors, both new and old, domestic and foreign, for their support."

Since its inception in 2004, MRC has completed in excess of $10 billion of debt and equity transactions. MRC Debt Fund IV originates and acquires commercial mortgage loans, mezzanine loans and preferred equity interests.

The firm's last fund raised $695 million. its first, in 2005, raised in excess of $300 million.

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Comment:MRC shores up its purse with $1.1B from global investors.
Publication:Real Estate Weekly
Date:Apr 17, 2019
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