Madison Realty Capital Closes $2 Billion Property Debt Fund

Commercial-property lender Madison Realty Capital closed its latest debt fund at $2.04 billion in equity commitments, short of the $2.25 billion goal it set in 2022 and about the same size as its predecessor.

“We successfully completed our second consecutive $2 billion-plus fundraise in a challenging fundraising market environment for all alternative managers,” Josh Zegen, a Madison co-founder, said in an interview. “Now there’s a ton of opportunity for us to transact as a lot of our competitors are on the sidelines.”

Josh Zegen

Source: Madison Realty Capital

It’s the largest US-focused real estate debt fund to close so far in 2024. This year’s ...