Madison Announces Final Close Of Madison International Real Estate Liquidity
Fund V At $825 Million
$340 million already invested in prime assets
NEW YORK, April 2, 2014
NEW YORK, April 2, 2014 /PRNewswire/ -- Madison International Realty, a
leading real estate private equity firm, announced the final closing of its
latest fund, Madison International Real Estate Liquidity Fund V, LP (Madison
V), with $825 million of equity commitments from a global roster of
The final closing of Madison V exceeded its $750 million target, according to
Ronald M. Dickerman, Madison's Founder and President.
"We are very pleased with the robust and broad support we received from
investors around the world who continue to find our unique class A, direct
secondary strategy both differentiated and compelling. Madison V is our third
consecutive fund to be oversubscribed," Dickerman said. "Our success in this
latest capital raise underscores our continued ability to source, underwrite
and execute on investments which deliver an asymmetric risk/return in the
class A real estate space."
Madison International Realty specializes in acquiring partial ownership and
joint venture interests in class A properties and portfolios in primary
markets in the U.S., U.K. and Western Europe. The firm 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
Madison V has already deployed approximately 40% of its capital commitments
into closed investments including One California Plaza, a 42-story, class A
office tower in downtown Los Angeles and the Saks Fifth Avenue retail store in
Union Square in San Francisco. International investments include Songbird
Estates Plc, which controls London's Canary Wharf, the New Century House
office building in Dublin, Ireland, and the Statoil Office Complex in Oslo,
"By utilizing our well-established product sourcing channels, we have already
identified a dynamic pipeline of prospective investment opportunities and we
anticipate maintaining this pace of activity for the balance of the year,"
Madison V involved a global capital raise to a diverse group of investors
worldwide, he said. In addition to U.S. public pension funds, corporate
pensions, insurance companies, endowments, foundations and family offices,
Madison investors include institutions in Europe, Middle Eastern sovereign
wealth funds and institutional investors in Asia and Australia.
About Madison International Realty
Madison International Realty (www.madisonint.com) is a leading liquidity
provider to real estate investors worldwide. Madison provides joint venture
and preferred equity capital for real estate owners and investors that are
looking to de-lever their properties; seek an exit strategy; or where existing
sponsors seek to sell a portion of their ownership position. 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 only in secondary transactions and focuses solely
on existing properties and portfolios in the U.S., U.K., and Western Europe.
Madison has offices in New York, London and Frankfurt, Germany, where the firm
operates under the name of Madison Real Estate Beteiligungsgesellschaft mbH.
SOURCE Madison International Realty
Contact: Michelle Manoff, Rubenstein Public Relations, 212-843-8051,
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