Northwind Group has held a final close for its Northwind Debt Fund III (NDF III) with $1 billion in committed capital, doubling its $500 million target and making it the largest fund in Northwind’s history.
NDF III continues Northwind’s flagship real estate credit strategy, which the firm launched in 2017. The fund primarily originates senior-secured bridge loans across major U.S. gateway markets, with a focus on acquisition, bridge, condo inventory, construction, office-to-residential conversions, predevelopment, lease-up and other specialized financing solutions.
The successful capital raise reflects the depth of Northwind’s existing investor base and its growing institutional presence. Many of Northwind’s longstanding investors returned to NDF III with increased commitments, and the fund welcomed a significant number of new institutional investors. NDF III’s investor base includes leading pension funds, insurance companies, banks, family offices and ultra-
