Fundraising - OCTOBER 3, 2016

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Rialto raises $825m for third debt fund

by Andrea Waitrovich

Rialto Capital Management has raised more than $825 million in equity for its latest real estate debt investment vehicle, according to a filing with the SEC. Rialto Real Estate Fund III is targeting in excess of $1.3 billion of capital.

The fund’s objective is to invest primarily in real estate debt and properties using an opportunistic strategy. Rialto is expected to invest the capital raised on behalf of the debt fund into mortgages as well as CMBS B-pieces. 

The firm announced a first closing in November 2015, raising $510 million in equity commitments.

Rialto Capital raised $700 million for its first opportunistic real estate fund, Rialto Real Estate Fund, which closed in 2010. Its follow-up fund, Rialto Real Estate Fund II, raised $1.305 billion and closed in 2013.


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