Rialto Capital Management has raised $757.9 million for its Rialto Real Estate Fund IV – Debt fund, adding more than $130 million since March.
An SEC Form D filed July 2 shows 592 investors have backed the fund. As of March, the investor base was 435.
The fund’s objective is to invest primarily in real estate debt and properties in the United States and will follow an opportunistic strategy.
An equity fundraising target was not disclosed in the filing, but Rialto has a history of large capital raises across its real estate debt fund series. The previous fund, Rialto Real Estate Fund III, raised $1.5 billion in 2017 and Rialto Real Estate Fund II raised $1.305 billion in 2013. The first fund in the series, Rialto Real Estate Fund, raised $700 million in 2010.
