Mesa West Capital raises more capital for open-ended fund
Mesa West Capital, a privately held portfolio lender, has raised more capital for its open-ended real estate fund, Mesa West Core Lending Fund, according to Institutional Real Estate, Inc.’s FundTracker database. The firm did not comment on its fundraising efforts.
The fund has now raised $1.848 billion in equity commitments.
Mesa West Capital’s fund focuses on U.S. first-mortgage debt origination on office, retail, multifamily, industrial and hospitality assets.
Throughout its fundraising, the fund has received numerous equity commitments from investors, including $50 million from the $8 billion San Diego City Employees’ Retirement System and $75 million from the $14.3 billion School Employees Retirement System of Ohio.
Mesa West Capital currently has a $4 billion lending capacity.
In additional fundraising, Mesa West Capital held a $900 million final close