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Fundraising - JANUARY 25, 2023

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Torchlight Debt Fund VIII nears $1b of commitments

by Kali Persall

Torchlight Debt Fund VIII, a closed-end, value-add fund managed by Torchlight Investors, has secured $858 million of equity commitments.

Torchlight Debt Fund VII commenced fundraising in the second quarter 2022, but launched the fund in December 2022. The fund will focus on debt and CMBS in the multifamily, industrial, hotel, retail and CBD office sectors of the United States.

A fundraising target was not disclosed at the time of publication; however, the previous fund in the series, Torchlight Debt Fund VII, closed in October 2021 with $2.04 billion in capital commitments. The fund was targeting equity commitments of $1.5 billion.

Torchlight declined to comment on its fundraising activity.

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