Madison Capital Funding LLC has raised its seventh collateralized loan obligation (CLO) fund, MCF CLO VII LLC, with $302 million in capital. The lender closed its last CLO fund in July.

"Investors place great value in Madison Capital’s strong loan originations capabilities, sophisticated credit management platform, and uninterrupted capital support from New York Life,” says Ashish Shah, head of Investment Management for Madison Capital. The fund will have a 4-year reinvestment period and Madison Capital will serve as collateral manager.

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