Madison raises $1.4bn equity fund

US private equity firm Madison International Realty has announced the closure of its largest fund to date with $1.4bn of equity commitments.

Fund VI exceeded its $950m target and attracted international institutional investors, said Madison founder and president Ronald Dickerman.

Investors included endowments, foundations, public and private pension funds, sovereign wealth funds, family offices, insurance companies and high-net-worth individuals from Europe, Asia, the Middle East and Australia, as well as the US.

Madison’s strategy is to target ownership stakes in prime commercial properties and portfolios in capital cities of the US, UK and western Europe.

Dickerman said: “Our strategy is proven to produce asymmetric returns in numerous economic cycles, with minimal volatility.   

“We believe our strategy is counter-cyclical during periods of economic uncertainty.

“With Fund VI, we executed a global fund raise and received robust and broad support from current and new investors.”

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