Madison International Realty holds $1.4b final close

Madison International Realty has held a final close for its Madison International Real Estate Liquidity Fund VI, the firm’s largest fund to date, with $1.39 billion of equity commitments, including sidecars, co-investments and GP commitments.

Fund VI exceeded its $950 million target. The fund targets ownership stakes in joint venture, private REIT and listed property shares in prime properties and portfolios in primary markets in the United States, United Kingdom and Western Europe. The fund also provides joint venture equity to owners, sponsors and investors who are seeking to monetize existing equity positions, restructure balance sheets, or to replace existing capital partners.

Madison Fund VI has already deployed approximately $400 million into prime assets.  Investments include the Hudson’s Bay Company Property Vehicle; 550 Kearny St., an office building in San Francisco; and St. Stephen’s Green, a shopping center located in the hea