Madison International Realty closes latest fund with $1.2bn of commitments

Real estate investment firm Madison International Realty has closed its latest investment vehicle Madison International Real Estate Liquidity Fund VII with commitments of $1.2 billion, insisting it is well protected against the economic shock caused by the global coronavirus outbreak.

Posted lundi, mars 16 2020
Madison International Realty closes latest fund with $1.2bn of commitments

Ronald M. Dickerman

Investors in the vehicle include endowments, foundations, pension funds, sovereign wealth funds, insurance companies, family offices and high net worth individuals in the US, Europe, Asia, the Middle East and Australia. 

Madison focuses on capital partner replacements, equity monetizations and recapitalizations for Class A properties and portfolios located throughout the US, UK and Western Europe. It typically makes investments of between $50 million and $300 million.

Ronald M. Dickerman (pictured), Madison International Realty founder and president, said the coronavirus outbreak had led to unprecedented levels of volatility, but added that Madison’s strategy was counter-cyclical and creates opportunity at times when economic conditions are changing.

Since being founded in 2002, Madison has raised $6.5 billion in capital commitments from more than 150 institutional investors worldwide and has invested in more than 185 million square feet of privately owned commercial real estate with a gross asset value of $116.1 billion.