Madison Realty Capital raises $2.04b for sixth U.S. real estate debt fund

Madison Realty Capital has held a final close of Madison Realty Capital Debt Fund VI LP (Fund VI), raising $2.04 billion in equity commitments.

Fund VI is the largest U.S.-focused real estate debt fund raised to date in 2024, and the second-largest real estate debt fund raised overall this year. Fund VI will have the capacity to invest between $6 billion and $8 billion of total commitments, inclusive of leverage and recycling of capital.

Fund VI received considerable support from both new and existing institutional investors across North America, the Middle East, Europe and Latin America, and expanded the firm’s investor base in Asia. Fund VI received significant backing from existing Madison Realty Capital investors as returning institutional investors make up nearly 70 percent of the fund.

Madison Realty Capital now manages more than $21 billion in assets, has executed approximately $48 billion in transactions since inception, and employs over 150 profession