New debt fund raises $100m

Heitman has raised $110 million for Heitman Debt Partners, according to an SEC filing. The debt vehicle has a $250 million target.

The filing does not disclose a first close announcement; however, according to Private Debt Investor publication, Heitman Debt Partners aimed to have a first close in October 2014.

Heitman declined to comment on its fundraising efforts.

The firm formed the commingled fund in response to the changing dynamics in the real estate debt capital markets. There is a growing importance of structured finance as a tool for capitalizing real estate investments.

Heitman Debt Partners will focus on executing mezzanine debt strategies, leveraging the firm’s market position, extensive relati