Fundraising - OCTOBER 15, 2019

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Rialto Capital raises $500m for fourth real estate debt fund

by Kali Persall

Miami-based Rialto Capital Management has raised nearly $500 million for its latest real estate debt fund, according to an SEC Form D filed last month. The firm could not be reached to comment on its fundraising efforts.

Launched in September, 243 investors have committed capital to Rialto Real Estate Fund IV to date.

The previous fund in the series, Rialto Real Estate Fund III, raised $1.5 billion in 2017. The fund was looking to invest primarily in real estate debt and properties in the United States, following an opportunistic strategy.

Rialto Capital raised $700 million for its first opportunistic real estate fund, Rialto Real Estate Fund, which closed in 2010. The next fund in the series, Rialto Real Estate Fund II, raised $1.305 billion and closed in 2013.

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