New York firm Madison International Realty held the final close of its latest commingled fund with $1.7 billion in equity commitments, which includes side cars, co-investment vehicles and general partner commitments.
The Madison International Real Estate Liquidity Fund VIII acquires ownership stakes in prime properties and portfolios in demographically compelling locations in the U.S., U.K. and Europe. Madison VIII is invested or specified in several diversified investments in the multi-family, industrial, cold storage, single family rental, life science, and data center sectors.
“We are gratified with the robust support we have received from both returning and new investors for Madison VIII’s capital raise,” said Ronald Dickerman, founder and president of Madison International Realty. “Madison’s direct secondary investment strategy is targeted to be counter-cyclical, allowing us to leverage opportunities in rapidly changing economic conditions.”
Given the firm’s position as a liquidity provider, it has been able to make well-timed investments and increase its allocations to tech enabled, growth oriented real estate asset classes, Dickerman added.
The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison also provides strategic growth capital to established, middle-market real estate operating platforms, seeking to accelerate their growth and investment programs. In addition to its main offices in New York, Madison has offices in Los Angeles, London, Luxembourg, Amsterdam, and Frankfurt, where the firm operates under the name of Madison International Realty GmbH.