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The $1.2B Madison International fund that could be virus-proof

Madison International Realty has closed its newest fund with $1.2 billion in commitments.

Madison International Real Estate Liquidity Fund VII will target late cycle opportunities around the globe.

And, according to founder and president Ron Dickerman, the fund could capitalize on the coronavirus turmoil.

Ron Dickerman

“The past weeks have seen periods of unprecedented volatility and overhang on economic activity due to coronavirus concerns. We have always believed our strategy is counter-cyclical in nature and creates opportunity in times of changing economic conditions,” said Dickerman.

The commingled investment vehicle’s equity commitments include side cars, co-investment vehicles and general partner commitments.

Investors include endowments, foundations, public and private pension funds, sovereign wealth funds, family offices, insurance companies and high net worth individuals in the US, Europe, Asia, the Middle East and Australia.

Madison VII is invested or specified in several diversified investments owning prime properties in the office, multi-family, industrial and retail sectors across Madison’s three geographies.

“We are very pleased with the broad support we received in the market from both returning and new investors for Madison’s VII’s capital raise,” said Dickerman.

“We believe late cycle and risk off dynamics in the market positioned Madison VII in a favorable light, given the multitude of alternate offerings available, and reinforced our differentiated direct secondary investment strategy focused on acquisitions of ownership stakes in prime properties and portfolios in growth-oriented capital cities of the US, UK and Europe.”

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