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June 22, 2020 Comments Off on MSD Partners Raises $1.1B for RE Credit Opportunities Views: 760 Midtown New York, New York News

MSD Partners Raises $1.1B for RE Credit Opportunities

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MSD Partners, L.P., the investment advisor for Michael Dell’s MSD Capital, closed its MSD Real Estate Credit Opportunities Fund (RCOF) with more than $1.1 billion in commitments. The fund closed well above its target of $750 million.

The fund has a broad mandate to make commercial real estate loans and structured investments, and purchase real estate loans and securities.  It intends to take advantage of current market dynamics.

Investors in Midtown Manhattan-based RCOF included a diverse and global base. Additionally, Michael Dell and his family, together with MSD Partners employees, committed approximately $300 million.

“We are gratified to have received such strong support from new and existing limited partners,” said portfolio manager Rob Platek. “We believe the fund is well positioned to deploy capital to a range of opportunities that will continue to materialize as a result of the broader market environment and benefitting from MSD’s robust pipeline and relationships.”

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