The Real Deal is reporting that Madison Realty Capital has closed its fourth debt fund above its stated target, raising $1.136 billion from a collection of investors at home and abroad. The fund, which originates and acquires a variety of real estate loans, provides the company with a total of over $4.5 billion of capacity. The firm has completed more than $10 billion in debt and equity transactions since 2004, when it was founded as one of “the early institutionally-backed private real estate debt funds,” according to MRC managing principal Adam Tantleff. The fourth fund is the largest so far: the first fund, launched in 2005, raised over $300 million, while the most recent round in 2016 closed at $695 million.

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