Madison Realty Capital is ranked 25th in PERE’s latest ranking of the largest real estate debt fund managers. The New York-based debt investment firm raised nearly $3 billion last year, a performance that places Madison in the top half of real estate debt firms around the world. While Blackstone and AXA IM captured a large swath of the business, boutique firms like Madison Realty Capital stepped up, growing the sector 20% over the previous year in 2020. With offices in New York, California, and Texas, Madison is one of the fastest-growing debt investment firms in the nation, a fact that is reflected by its higher rank on this year’s RED 50.

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