Torchlight Debt Fund VII closes above $2b
The value-added Torchlight Debt Fund VII, managed by Torchlight Investors, has raised $2.04 billion in capital commitments, making it the largest U.S.-focused real estate debt fund closed so far this year. The fund was targeting equity commitments of $1.5 billion.
Torchlight Debt Fund VII will target real estate debt investments in the United States.
The previous fund in the series, Torchlight Debt Fund VI, closed in February 2019 at $1.7 billion, surpassing its $1.5 billion fundraising target.