Madison International Realty closed on its latest private equity fund: a $1.2 billion vehicle aimed at properties in the United States, United Kingdom and Europe.
The Ronald Dickerman-led investment firm announced the closing of its seventh fund Monday. Investors include endowments, foundations, public and private pension funds, sovereign wealth funds, family offices, insurance companies and high net worth individuals in the United States, Europe, Asia, the Middle East and Australia, according to the company.
“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,” Dickerman said in a statement.
Madison International launched the fund in April of last year. Its last private equity fund raised $1.4 billion in 2016.
In New York City, the company in 2017 bought out its partner Forest City Realty Trust’s majority stake in their 2 million-square-foot retail portfolio in a deal that valued the properties at $1 billion.
Madison International also owns a 1,400-unit multifamily portfolio in the city with Urban American Management.
Contact Rich Bockmann at rb@therealdeal.com or 212-673-5081.