Stabilis Capital raises $525m

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Stabilis Capital Management has raised $525 million to date for its Stabilis Fund V. The New York-headquartered firm has set an undisclosed target and began fundraising in 2017.

Its previous fund raised $540 million in 2015.

Investors that committed to Stabilis Fund V include the University of Michigan.

The fund will target subordinated/mezzanine debt opportunities in a diverse number of properties in North America.