PERE's Real Estate Debt 50 is the definitive list of the very largest real estate credit managers. Madison Realty Capital took the 18th spot. Last year’s RED 50 had raised an aggregate $267 billion for real estate credit strategies in the qualifying period – itself a notable increase of 19 percent year-on-year – the total for this year’s RED 50 comes to $275 billion. Fundraising growth slows for the largest real estate debt managers – but their success outweighs the rest.

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