Sabal Financial Group raises $188m for debt fund

Sabal Financial Group, an international diversified financial services firm specializing in real estate, banking and lending, has raised $188.16 million for SIA Debt Opportunities Fund, according to a filing with the SEC. The SEC filing suggests that the fund is nearing a final close: however, the firm did not comment on its fundraising efforts.

SIA Debt Opportunities Fund will invest in real estate debt secured by U.S. properties. The fund has received capital commitments from multiple investors so far, including $50 million from the Regents of the University of Michigan last year.

On behalf of its clients and investors, Sabal Financial Group has acquired nearly $8.2 billion in assets since its inception in 2009. In addition, the firm currently manages $4.5 billion of equity holdings on behalf of investors.