Fresh off completing its seventh opportunistic fundraising, Walton Street Capital currently is marketing its first real estate debt vehicle, Walton Street Real Estate Debt Fund. The first closing of the fund, which has a $500 million target, is expected during the second quarter, while a final closing is slated for the second quarter of 2015, according to documents from the Texas Municipal Retirement System.
Walton Street launches first RE debt fund
The Chicago-based private equity real estate firm, which recently wrapped its latest equity fund, will seek to originate floating-rate loans amid anticipated rising interest rates.
