Madison Marquette Closes on $500M Fund

WASHINGTON, DC-Madison Marquette has closed the doors to its Madison Marquette Retail Enhancement Fund – a $487-million private equity fund that is investing in retail acquisitions along the East Coast and in California and Seattle. With leverage, the company has close to $1.7 billion in purchasing power – nearly the same amount that it has invested over the past eight to ten years.

This is Madison Marquette’s first equity fund, and at least as measured by the participants, was met by high demand from the market. Investors include ABP, ColoradoPERS, OhioSERS, PennsylvaniaSERS and Wells Fargo.

CFO Paul Andrews tells GlobeSt.com that demand in part is due to Madison Marquette’s rather unique position in the retail investment space. “We come from the development/operations side. Most of the other private equity funds outsource their operations and leasing activities. We, though, will be fully integrated.” He says that model was a differentiator as it spoke with investors.