NOVEMBER 7, 2013

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Mesa West exceeds fundraising target in latest fund

by Andrea Waitrovich

Despite what has been a challenging fundraising environment ever since the great financial crisis, Mesa West Capital has exceeded its fundraising target for the second time in three years. The latest vehicle, Mesa West Real Estate Income Fund III, held its final close last week with $752 million in commitments, surpassing its $650 million target. 

“We benefited from the fact that pension funds, endowments, foundations and off-shore investors have increasingly prioritized cash flow and safety in this environment,” says Ryan Krauch, who oversees the firm’s marketing efforts. “Accordingly, real estate debt has found a permanent home in the allocations of many institutional investors.” 

Fund III originates first mortgage loans for value-added properties throughout the United States and holds those loans on its balance sheet. This originate-and-hold strategy that

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