Madison International raises $137.5 million for fifth fund

Madison International Realty has raised approximately $137.5 million for its Madison International Real Estate Liquidity Fund V, according to a filing with the Securities and Exchange Commission. The opportunistic fund was launched in October 2012 with a $750 million fundraising goal. It will invest in a variety of property types in the United States.

The filing did not disclose the dates of an initial closing and a final closing.

Its predecessor, Madison International Real Estate Liquidity Fund IV (MIRELF IV), closed in February 2011 with $510 million of equity commitments, exceeding its $400 million target.

Madison International Realty is a liquidity provider to real estate investors worldwide. Madison provides joint venture and preferred equity capital for real estate owners and investors that are looking to de-lever their properties; seek an exit strategy; or where existing sponsors seek to