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Sign in Sign up for a FREE subscriptionMLG Capital raises $100m for real estate fund, plans next fund launch
MLG Capital, a commercial real estate investment firm, has raised $100 million for MLG Private Fund III and plans to launch the next fund in the series, MLG Private Fund IV, on Oct. 1. The firm plans to hold the final close for Fund III on Sept. 30.
“We’ve had overwhelming interest in Fund III. Originally we targeted to raise $100 million of equity. We maintained the ability to raise up to $150 million of total equity. We think we will close somewhere in the $135 million to $140 million range, proving our investors truly love what we are doing,” said David Binder, vice president at MLG Capital.
Each of the MLG Private Funds acquires, directly or indirectly, a geographically diverse portfolio of commercial real estate primarily consisting of (in order of preference) multifamily, industrial, retail and office properties in several key U.S. markets.
