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SL Green Tops $1B Goal for Opportunistic Debt Fund
SL Green Realty Corp. said it has surpassed its initial $1-billion fundraising goal for the SLG Opportunistic Debt Fund, with more than $500 million of new commitments in the past week alone. The fund will originate new loans and/or purchase existing loans, loan portfolios and controlling CMBS securities.
“We have seen an overwhelming appetite for New York City investment from sophisticated domestic and international investors who recognize the opportunity and share the desire to invest alongside SL Green in this market,” said Harrison Sitomer, CIO at SL Green. “It is especially gratifying to work with so many existing institutional partners, while bringing on capital from new relationships as well.”
The SLG Opportunistic Debt Fund, which launched in 2024, is focused on capitalizing on the dislocation between rapidly improving leasing fundamentals and the early stages of improving debt capital markets. The fund targets high-quality assets in New York City.
- ◦Financing
