Madison International Realty holds final close of fund VII with USD1.2bn in equity commitments

Real estate private equity firm Madison International Realty has held the final closing of Madison International Real Estate Liquidity Fund VII, its latest commingled investment vehicle, with USD1.2 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 favourable 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,” says 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 says.
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.