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The New York-based manager closed its first two vehicles on $550m in commitments.

Devastating Los Angeles wildfires this month have put the conversation around the cost and availability of insurance for commercial real estate into much greater focus.

The fund is the largest the firms have raised since kicking off the partnership. 

The offering, and other debt deals completed via TASE, allowed Moinian Group to expand its debt and equity platforms.

The 10-year Treasury last week hit its highest level since April, rising to 4.7 percent on January 8.

Dhaval Parikh previously ran the Los Angeles-based manager’s real estate debt platform capital raising efforts.

Chicago-based manager was part of the capital stack for the construction financing on The Edison, a 378-unit, mass timber luxury apartment building in Milwaukee. 

Industry veteran Brad Cohen will be integral for risk management and identifying growth opportunities. 

The financing for Fisher Brothers includes $108m of C-PACE capital.

The investment manager rearranged the capital stack and secured a debt infusion on five multifamily properties in the Sun Belt region.