Colony holds $1.3b close for fourth debt fund
Colony Northstar has held a $1.3 billion close for Colony Distressed Credit & Special Situations Fund IV. Colony was seeking to raise a maximum of $2.5 billion for the fund.
Colony Distressed Credit & Special Situations Fund IV is an opportunistic debt fund that focuses on debt on multifamily, hotel, office, retail, industrial and land properties globally.
The fund received commitments from a number of institutions, including the Kern County (Calif.) Employees’ Retirement Association, the Teachers’ Retirement System of Louisiana and the Florida State Board of Administration.
The fund’s predecessor, Colony Distressed Credit & Special Situations Fund III,