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Rialto Capital Management hold first close at $1.4bn

The Miami-based firm holds a first close for its fourth real estate debt fund.

Fund name: Rialto Real Estate Fund IV – Debt
Current size: $1.4 billion
Stage of fundraising: First close
Launch date: Sept 2019
Predecessor fund: Rialto Real Estate Fund III – Debt ($1.55 billion)

Rialto Capital Management has held a first close for its Rialto Real Estate Fund IV – Debt based on a Securities and Exchange Commission Filing. They have almost eclipsed the amount of their previous fund, however there is no target confirmed for Fund IV.

Action Item: Rialto Capital Management’s SEC Filing here.