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New York & Tri-State  + Finance  | 

SL Green Closes Opportunistic Debt Fund at $1.3B-Plus

SL Green Realty Corp. said Friday it closed its SLG Opportunistic Debt Fund with total capital commitments of more than $1.3 billion, surpassing the initial $1-billion fundraising target. Additional investment capacity comes from sidecar structures and discretionary separate accounts.

“We believe this milestone underscores the strong and sustained demand from a global investor base seeking access to SL Green’s differentiated real estate credit platform and its proven ability to generate attractive risk-adjusted returns.,” said Harrison Sitomer, CIO at SL Green. “Our focus now shifts to deployment into a robust pipeline of debt investment opportunities in a rapidly evolving market environment.”

The fund was launched in 2024 to focus on capitalizing on the dislocation between rapidly improving leasing fundamentals and the early stages of improving debt capital markets. It targets high-quality assets in New York City, delivering flexible capital solutions to both borrowers and lenders, originating new loans and/or purchasing existing loans, loan portfolios and controlling CMBS securities.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing