Rialto Real Estate Fund IV hits $620m
Miami-based Rialto Capital Management has collected roughly $620 million for its Rialto Real Estate Fund IV - Debt fund, according to an SEC filing.
The fund added more than $100 million since October 2019, when it had raised some $500 million from 243 investors. The latest filing shows the investor base has since grown to 435.
An equity fundraising target was not disclosed in the filing, but Rialto has a history of large capital raises for its real estate debt fund series. The previous fund, 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 Real Estate Fund II raised $1.305 billion at final close in 2013, and the first fund in the series, Rialto Real Estate Fund, raised $700 million in 2010.