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Friday, 28 September 2018

Wisconsin Firm Raising $200Mln for Latest Investment Fund

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MLG Capital is launching its fourth investment fund to pursue primarily apartment and industrial properties throughout the United States. It is seeking $200 million of equity for MLG Private Fund IV, which would be its largest fund to date.

Commercial Real Estate Direct Staff Report

MLG Capital is launching its fourth investment fund to pursue primarily apartment and industrial properties throughout the United States.

The Brookfield, Wis., company is seeking $200 million of equity for MLG Private Fund IV, which would be its largest fund to date. The investment vehicle has a hard cap of $250 million. With leverage, it could make $550 million to $600 million of investments.

MLG, which was founded in 1987, launched its first fund in 2012. It raised $27 million. It followed up two years later with another vehicle, which raised $54 million. It started raising money for its third fund in 2016 and will close it on Sunday. It expects to raise $135 million to $140 million through that vehicle, well above its $100 million target.

The company has raised capital for its funds from high net-worth individuals and family offices. It obtains financing for 50 to 65 percent of a property's value, usually through local banks or housing-finance agencies Fannie Mae or Freddie Mac.

MLG will invest 60 to 65...





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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Industrial, Multifamily
  • Subject: Institutional Investment (INS), Opportunity Funds (OPPY)
  • Valuation: More than $150 million
  • Private: No
Read 133 times Last modified on Friday, 28 September 2018

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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