Madison raises additional $93 million for fifth fund
Madison International Realty continues to raise capital for its fifth value-added fund, Madison International Real Estate Liquidity Fund V. The firm raised another $93.2 million for its fund in the latest closing. To date, the fund has raised approximately $324 million, according to a filing with the Securities and Exchange Commission. In March, Madison International Real Estate Liquidity Fund V raised $93.3 million.
The value-added 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 date of a final closing.