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2/14/23
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Mesa West Capital has raised $1.37 bil for Mesa West Real Estate Income Fund V, L.P. (“Fund V” or the “Fund”), exceeding Mesa West’s original $1.0 bil fundraising target for the Fund. Mesa West is the private U.S. real estate credit arm of Morgan Stanley Investment Management.
Fund V is the latest and largest in Mesa West’s closed-end value-add series, which was established in 2005, and is the first successor vehicle raised by Mesa West since joining Morgan Stanley Investment Management. Surpassing the $900 mil in commitments raised for Mesa West Real Estate Income Fund IV, L.P., Fund V’s investors include a sophisticated group of domestic and international public and private pension funds, insurance companies and individual investors.
Fund V has been established to originate, purchase and manage loans secured by value-add / transitional commercial real estate assets throughout the United States, which has seen increased demand due to regulatory changes resulting from the global financial crisis and the current volatility and dislocation in the capital and property markets. The Fund intends to create a diversified portfolio of investments designed to produce current income and attractive risk-adjusted returns.
“The strong investor demand for this Fund underscores our continued focus on providing best-in-class private and listed real assets solutions across multiple equity and credit strategies to meet our clients’ objectives,” said John Klopp, Global Head of Real Assets for Morgan Stanley Investment Management. “The successful Fund V capital raise builds on the strength of our growing Real Assets platform, which currently manages $62 billion in client assets.”
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