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Iconiq Purchases Minority Stake in Madison Realty Capital

  • Madison’s Zegen says firm seeks real estate finance expansion
  • Firm sees to find distressed opportunities with rising rates
Adam Tantleff, Brian Shatz, & Josh Zegen
Adam Tantleff, Brian Shatz, & Josh ZegenSource: Madison Realty Capital

Iconiq Investment Management acquired a minority stake in Madison Realty Capital, a move that the real estate investment firm says will catapult its growth.

“Iconiq’s investing expertise and network are complementary to our own, and we look forward to expanding our footprint across the US; developing new relationships with top-tier borrowers, lenders, and developers; and accelerating the growth of our business to the benefit of our global, institutional investor base,” Josh Zegen and Brian Shatz, managing principals and co-founders of Madison Realty Capital, said in an emailed statement. Terms of the investment were not disclosed.