MADISON INTERNATIONAL REALTY ANNOUNCES FINAL CLOSE OF FUND VII WITH $1.2 BILLION OF EQUITY COMMITMENTS
NEW YORK, March 9, 2020 — Madison International Realty, a leading real estate private equity firm, announced the final closing of Madison International Real Estate Liquidity Fund VII, its latest commingled investment vehicle, with $1.2 billion of equity commitments, including side cars, co-investment vehicles and general partner commitments.
“We are very pleased with the broad support we received in the market from both returning and new investors for Madison’s VII’s capital raise. We believe late cycle and risk off dynamics in the market positioned Madison VII in a favorable light, given the multitude of alternate offerings available, and reinforced our differentiated direct secondary investment strategy focused on acquisitions of ownership stakes in prime properties and portfolios in growth-oriented capital cities of the US, UK and Europe,” said Ronald M. Dickerman, Madison International Realty Founder and President.
“The past weeks have seen periods of unprecedented volatility and overhang on economic activity due to coronavirus concerns. We have always believed our strategy is counter-cyclical in nature and creates opportunity in times of changing economic conditions. We are also implementing policies to protect our people and partners,” Dickerman said.
Madison VII investors include endowments, foundations, public and private pension funds, sovereign wealth funds, family offices, insurance companies and high net worth individuals in the US, Europe, Asia, the Middle East and Australia. Madison VII is invested or specified in several diversified investments owning prime properties in the office, multi-family, industrial and retail sectors across Madison’s three geographies.
About Madison International Realty
Madison International Realty (www.madisonint.com) is a leading liquidity provider to real estate investors worldwide. Madison provides equity capital for real estate owners and investors seeking to monetize embedded equity, to replace capital partners seeking an exit and to recapitalize balance sheets. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests in secondary transactions and focuses solely on existing properties and portfolios in the U.S., U.K., and Europe. Madison has offices in New York, London, Luxembourg, Amsterdam and Frankfurt, where the firm operates under the name of Madison International Realty GmbH.
Madison International Realty
Michelle Manoff (US) Rubenstein Public Relations
Phone +1 212-805-3051