Mesa West targets Q2 final close

Mesa West is set to close its latest real estate debt fund above its $650 million target.

Commercial real estate finance specialist Mesa West Capital is targeting a second quarter final close for its Mesa West Real Estate Income Fund III, according to San Diego City Employees’ Retirement System documents.

The final closing will likely exceed the fund’s $650 million equity target, according to one market source. The vehicle, which has a hard cap of $850 million, held a first closing on $379.2 million in November, according to US Securities and Exchange Commission documents.

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