Madison Realty Capital raises $988.6m

The New York investment firm has raised capital for its fifth fund.

Fund name: Madison Realty Capital Debt Fund V
Target size: $1.75 billion
Actual size: $988.65 million
Launch date: February 2020
Predecessor vehicle: Madison Realty Capital Debt Fund IV ($1.14 billion)

Madison Realty Capital has raised $988.65 million for Madison Realty Capital Debt Fund V, according to a Form D filed by the firm. Capital raised by MRC’s fifth vehicle will be used to originate senior real estate loans across diversified sectors.

Fund V received commitments from several institutional investors, including a $100 million commitment from Texas Municipal Retirement System.