MSD Partners surpasses $1b for RCOF vehicle

MSD Partners, an SEC-registered investment adviser formed by the partners of MSD Capital, has completed a final closing of its MSD Real Estate Credit Opportunities Funds (RCOF). The investment vehicle raised more than $1.1 billion in capital commitments.

RCOF is a dedicated real estate credit strategy that seeks to generate superior, risk-adjusted returns by originating and actively managing structured credit investments secured by high-quality real estate, according to a statement by the firm.

The investment vehicle has a broad mandate to make commercial real estate loans and structured investments, as well as purchase real estate loans and securities. It will seek to take advantage of current market dynamics and has a robust pipeline of opportunities.

Due to significant investor demand, the fund exceeded its initial target of $750 million, according to the firm. A diverse and global base of investors backed the fund. Michael Dell, CEO of Dell Technologies, and