Madison Realty Capital raises US$2.08 billion for Fund V

KUALA LUMPUR, Jan 12 -- Madison Realty Capital (Madison) has announced the final close of Madison Realty Capital Debt Fund V LP (Fund V), raising US$2.08 billion in equity commitments, exceeding the fund’s US$1.75 billion target. (US$1 = RM4.176)

Fund V received significant support from existing investors as approximately 70 per cent of the institutional LPs in Madison’s prior fund re-upped into Fund V. Additionally, 52 per cent 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, according to a statement.

Fund V expands on Madison’s investment strategy to serve as a single source of customised flexible financing solutions for borrowers’ unique needs providing them with speed and certainty of execution, originating and acquiring loans across asset classes including multifamily, mixed use, retail, office, industrial, land and hotel.

Madison invests in transitional and special situation loans as well as provides financing for ground-up development and construction, having completed 72 transactions last year, with a gross transaction volume of approximately US$6.4 billion across all of its debt investment strategies.

Madison Realty Capital Managing Principal, Adam Tantleff said: “Our extensive experience through multiple cycles over the past 17 years is what led both existing and new investors to place their confidence in Madison during this unprecedented time.

“We are grateful for the trust they have placed in our team, and look forward to continue executing on our investors’ behalf.”

Headquartered in New York City, Madison is a vertically integrated real estate private equity firm that, as of Dec 31, 2021, manages approximately US$8 billion in total assets on behalf of a global institutional investor base.

For more information, visit www.madisonrealtycapital.com.

-- BERNAMA