Madison Realty Capital raises $310m for Debt Fund III

Madison Realty Capital has raised nearly $310m for the second close of Debt Fund III, more than double its $600m fundraising target, Real Estate Capital sister publication Private Debt Investor reported. The firm's third real estate debt fund will acquire non-performing loans and preferred equity investments; and it will originate or refinance senior-secured loans, mezzanine loans and preferred equity investments, employing up to 50 percent leverage in the portfolio.