Capital watch: Debt fund closings surpass $15bn through October

The largest offerings include the $1.5bn Bridge Debt Strategies Fund IV and the $1.75bn Madison Realty Capital Debt IV.

Commercial real estate debt managers raised roughly $15.1 billion for new strategies through mid-October, slightly surpassing the $15 billion seen during the same period in 2021.

According to data from Real Estate Capital USA, managers that have closed funds this year include Bridge Investment Group, Madison Realty Capital, Kayne Anderson Capital Advisors and Pretium Partners. The largest offerings include the $1.5 billion Bridge Debt Strategies Fund IV and the $1.75 billion Madison Realty Capital
Debt IV.

Madison Realty Capital’s vehicle is one of the largest funds in market right now, along with Harbor Group International’s targeted $1.8 billion HGI Multifamily Credit Fund.
Mesa West Capital, Sabal Capital Partners and Greystar Real Estate Partners are among the managers that are also raising funds.

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