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Madison Realty Capital raises $485m for debt fund

by Zoë Wolff

Madison Realty Capital has raised $484.9 million for Madison Real Capital Debt Fund III, according to a filing with the SEC.

The fund is targeting $600 million and held a first closing of $95.4 million in July 2014. Madison Real Capital Debt Fund III will focus on commercial real estate loans, real estate mezzanine loans and preferred equity investments.

During the last year, the fund has received commitments from the New York State Teachers’ Retirement System, the

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