Madison Realty Capital Debt Fund VI nears $1b

Madison Realty Capital has captured more than $914 million for its Madison Realty Capital Debt Fund VI, a recent filing with the SEC shows.

IREI understands the fund has a $2.25 billion fundraising target.

Fund VI will follow a similar investment strategy as the previous fund in the series, Madison Realty Capital Debt Fund V, which closed in January with $2.08 billion in equity commitments. Fund V marked the firm’s largest fundraising effort to date.

Fund V originates and acquires loans across asset classes including multifamily, mixed-use, retail, office, industrial, land and hotel. Madison Realty invests in transitional and special situation loans as well as provides financing for ground-up development and construction.

The firm declined to comment on its fundr