New York Life Real Estate Investors closed with its Madison Square Structured Debt Fund with nearly $500 million of committed capital.
The high yield real estate debt fund will originate bridge loans collateralized by institutional-quality office, multi-family, industrial, retail and other niche sector assets in primary and secondary markets in the U.S. The vehicle is expected to originate roughly $1 billion of senior bridge loans in all.
"We believe that the new Madison Square Structured Debt Fund is well positioned to deliver attractive, risk-adjusted returns for investors in the face of . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.