MRC raises $145.4 million for third debt fund

Real estate private equity firm Madison Realty Capital has raised $145.4 million in the first close of its third debt fund. Its target is $600 million. The pool’s LPs include public pension funds, corporate pension funds, university endowments, family offices and wealth managers.

PRESS RELEASE

NEW YORK, Aug. 5, 2014 /PRNewswire/ — Madison Realty Capital (MRC), an institutionally backed real estate private equity firm focused on real estate equity and debt investments in the middle markets, announced the first closing for Madison Realty Capital Debt Fund III LP (“MRC Fund III”). Launched in 2014, MRC Fund III is the firm’s third real estate debt investment fund. Adam Tantleff, Managing Principal of MRC, made the announcement.

The discretionary private equity fund raised a total of $145.4 million of capital commitments from a diverse group of investors, including public pension funds, corporate pension funds, university endowments, family offices and wealth managers.

“It’s gratifying to have the continued support of our investors,” Mr. Tantleff said. “All of the limited partners in the first closing of MRC Fund III have been investors in our previous debt funds, or invested as LPs in our equity acquisition and development deals. Our fully-integrated real estate platform has been successful in maintaining the volume and quality of middle-market investment opportunities, and the performance of MRC’s portfolio has helped MRC continue to build on its loyal investor network.”

MRC Fund III, which is targeting $600 million in investor commitments, will originate and acquire commercial mortgage loans, mezzanine loans and preferred equity interests in real property, and may employ up to 50 percent leverage in its portfolio.

About Madison Realty Capital (MRC)
MRC is a New York-based real estate private equity firm that pursues real estate equity and debt investments in the middle market. Founded in 2004, MRC has invested in approximately $2.5 billion of transactions in the multifamily, retail, office and industrial sectors.

 

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