Torchlight Investors raises $1.13bn

The New York asset manager has raised capital for its seventh real estate debt fund.

Fund name: Torchlight Debt Opportunity Fund VII
Amount raised: $1.13 billion
Target size: $1.5 billion
Launch date: May 2020

Torchlight Investors raised $1.13 billion for Torchlight Debt Opportunity Fund VII, according to a Form D filed by the firm. Capital raised by the vehicle will be used to lend to real estate throughout North America across diversified sectors.

Fund VII has received commitments from several institutional investors, including $75 million from Los Angeles Water & Power Employees Retirement Plan and $100 million from State of Wisconsin Investment Board.