Colony Capital to launch new debt fund
Colony Capital is gearing up to launch a new opportunistic debt fund on June 1. The fund will be called Colony Distressed Credit and Special Situations Fund IV. The closed-end fund will focus on multifamily, hotel, office, retail, industrial and land properties globally. The fund is looking to raise $2.5 billion says Rommel Marseille, senior vice president, investor relations for Colony Capital. Colony Distressed Credit and Special Situations Fund III had its final close in October 2014, having raised $1.2 billion.