Torchlight Investors seeks capital for new debt fund

Torchlight Investors has begun raising capital for a new debt fund focused on the U.S. market, Torchlight Debt Fund VIII.

IREI understands the closed-end, value-add fund will focus on debt and CMBS in the multifamily, industrial, lodging, retail and office sectors of the United States.

A fundraising target was unknown 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.

Fund VIII has yet to hold a first close. For more information about this fund or others, visit the IREI.Q database.