Latitude Management raises $250m for real estate debt fund
Latitude Management Real Estate Investors has raised $249.62 million for Latitude Management Real Estate Capital IV, according to a filing with the SEC. Latitude is seeking to raise $550 million in total equity commitments for the fund, with a $600 million maximum.
Latitude Management Real Estate Capital IV is part of Latitude’s first-mortgage bridge loan fund series. It is a value-added real estate fund that will invest in debt secured by properties throughout the United States. The properties will include office, hotel, industrial, medical office, mixed-use, multifamily, retail, student housing and warehouses.
The fund has received a $50 million commitment from the Ohio Bureau of Workers’ Compensation and a $75 million commitment from the Pennsylvania Public School Employees’ Retirement System.
The fund’s predecessor, Latitude Management Real Es