Torchlight Investors raises $1.13bn

The New York asset manager has raised capital for its seventh real estate debt fund.

Fund name: Torchlight Debt Opportunity Fund VII
Amount raised: $1.13 billion
Target size: $1.50 billion
Launch date: May 2020

Torchlight Investors raised $1.13 billion for Torchlight Debt Opportunity Fund VII, according to a Form D filed by the firm. Capital raised by the vehicle will be used to lend to real estate throughout North America.

Fund VII has received commitments from several institutional investors, including $75 million from Los Angeles Water & Power Employees Retirement Plan and $100 million from State of Wisconsin Investment Board.