Fundraising - JANUARY 4, 2017

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Mesa West holds $900m final close for real estate debt fund

by Jody Barhanovich

Mesa West Capital has held a final close for its largest closed-end real estate debt fund, Mesa West Real Estate Income Fund IV, reaching its hard cap of $900 million in equity commitments, according to principal Ryan Krauch.

Mesa West Real Estate Income Fund IV is a value-added debt fund with an investment focus on mortgages secured by CBD office, hotel, industrial, multifamily and retail in the United States.

Fund IV launched in July 2015 and exceeded its $750 million fundraising target, helping Mesa West exceed its fundraising goal for its past three closed-end debt vehicles. The fund’s predecessor, Mesa West Real Estate Income Fund III, held its final close in 2013 with $752 million in commitments, surpassing its $650 million target.

Investors in Mesa West Real Estate Income Fund IV include sovereign wealth funds, insurance companies, foundations, endowments, and public and corporate pension funds. Approximately 80 percent of the investors i

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