Mesa West Capital garners $900m

The fund manager continues to target the commercial real estate debt market.

Mesa West Real Estate Income Fund IV has held a final close on its hard cap of $900 million. Mesa West Capital’s fourth real estate debt fund was oversubscribed, surpassing its original target of $750 million. The vehicle originates fixed and floating rate loans within the core, core plus and value added sectors of the real estate market.

San Joaquin County Employees' Retirement Association, Texas Permanent School Fund and Employees' Retirement System of the State of Hawaii are among the investors in the vehicle.

Mesa West Real Estate Income Fund III held a final close on $752 million in November 2013, having originally targeted $650 million.