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Madison Realty Capital Closes Debt Fund at $2B-Plus
Madison Realty Capital, a real estate private equity firm focused on private credit, reached the final close of Madison Realty Capital Debt Fund VI LP, raising $2.04 billion in equity commitments. Fund VI reportedly is the largest U.S.-focused real estate debt fund raised to date in 2024 and the second largest real estate debt fund raised overall this year. It will have the capacity to invest between $6 billion and $8 billion of total commitments, including leverage and recycling of capital.
To date, Fund VI has completed more than $3.79 billion in deal volume across 26 transactions throughout all major metropolitan markets and regions of the U.S. It’s approximately 45% called on its capital commitments.
“We continue to see attractive opportunities to deliver direct financing to new and existing borrowers in addition to expanding our capabilities to provide other private credit lenders with unique flexibility and creative financing solutions including senior and note-on-note financing options,” said Josh Zegen, managing principal and co-founder of New York City-based Madison Realty Capital.
- ◦Financing
