Madison Realty Capital Debt Fund Tops $1 Billion

The private equity firm has closed its Debt Fund IV LP which raised $1.136 billion.

Madison Realty Capital managing partners from left: Adam Tantleff, Brian Shatz and Josh Zegen

NEW YORK CITY—Madison Realty Capital has closed the Madison Realty Capital Debt Fund IV LP, which raised a total of $1.136 billion in capital commitments. This is the New York-based real estate private equity firm’s fourth institutional real estate debt investment vehicle. It exceeded its original target of $1 billion.

The fund’s investors are from the US, Europe, the Middle East and Asia. They include 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 $4.5 billion of capacity to address the needs of our clients,” says Adam Tantleff, managing principal at Madison Realty Capital.

Madison Realty also announced it has now completed in excess of $10 billion of debt and equity transactions since its formation in 2004.

This last fund will originate and acquire commercial mortgage loans, mezzanine loans and preferred equity interests. The firm’s previous institutional real estate debt investment vehicle, Madison Realty Capital Debt Fund III LP, raised a total of $695 million in capital commitments, exceeding its original goal of $600 million. Madison Realty launched its initial debt fund in 2005 raising more than $300 million.