New York Life raises $500m for structured debt fund
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 . . .
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