Deal Pack: Madison International Realty
Generated Feb 2, 2026v202602020738Enterprise
AUM
$6B
Strategy
Real Estate
HQ
US
Founded
N/A
Employees
N/A
Ownership
independent
Layer 1: Proprietary Indicators
48
GP Health Score
Weak
61
Stakeability
Moderate
33
Fund Performance
Weak
80
Talent Stability
Strong
25
Credit Exposure
Weak
100
Regulatory Breadth
Strong
30
Market Momentum
Weak
40
Growth Trajectory
Weak
Health Score Breakdown
Component Details
fund performance
33/100Weight: 25%
median irr9.4
benchmark irr14
fund count with irr2
primary strategyPrivate Equity
Source: Pension fund performance reports
talent stability
80/100Weight: 20%
current team size40
departed count0
retention ratio1
avg tenure yearsN/A
Source: LinkedIn career histories, team member records
credit health
25/100Weight: 15%
total fair value27458120
total par34074917
fair value to par pct80.6
top borrower concentration pct38.1
Source: BDC 10-K/10-Q portfolio filings (SEC)
regulatory compliance
100/100Weight: 10%
unique jurisdictions7
jurisdictionsBermuda,France,Germany,Luxembourg,UAE,UAE (DIFC),UK
active registrations26
total registrations34
Source: FCA, BaFin, AMF, CSSF, ADGM, SEC, entity registrations
market presence
30/100Weight: 15%
news mentions0
conference appearances0
domain rankN/A
employer ratingN/A
Source: Market intel, conference records, Tranco web rankings, Glassdoor
growth trajectory
40/100Weight: 15%
aum growth pctN/A
recent job postings0
funds currently raising0
total funds10
Source: Data changelog (AUM), hiring signals, fund filings
Layer 2: Synthesis
Executive Summary
- Madison International Realty shows a weak overall health profile (score: 48/100) based on analysis of fund performance, team stability, credit exposure, regulatory breadth, market presence, and growth trajectory.
- Median net IRR across 2 tracked funds is 9.4%, compared to a Private Equity benchmark of 14.0%.
- Registered across 7 jurisdictions with 26 active registrations.
Key Risks
mediumCredit
Credit health concerns: FV/Par at 80.6%
Key Strengths
Regulatory
Diversified regulatory footprint across 7 jurisdictions
Stakeability
High stakeability score (61/100) indicating attractive stake opportunity
Secondary Pricing Estimate
89.6%
Avg NAV Pricing
75.5% to 90.5%
Range
18
Funds Priced
Confidence: high, low
Peer ComparisonReal Estate | 20 peers in AUM range
| Firm | AUM | Stakeability |
|---|---|---|
| Madison International Realty (this GP) | $6B | 61 |
| Signature Capital | $19B | 33 |
| CapitaLand Investment | $19B | 41 |
| Optimus U.S. Real Estate Fund | $18B | 25 |
| Boyd Watterson | $18B | 28 |
| Salter Brothers | $18B | 36 |
| Oaktree Capital Management | $17B | 64 |
| AIP Asset Management | $16B | 37 |
| Westbrook Partners | $16B | 49 |
| Hines | $16B | 62 |
| Goodman | $16B | 54 |
Layer 3: Evidence
Fund Performance (16 records)
BDC Credit Exposure (20 borrowers)
| Borrower | Fair Value | Par | BDCs | BDC Names |
|---|---|---|---|---|
| Moneygram International, Inc. | $10.5M | $11.8M | 1 | Saratoga Investment Corp |
| Froneri International (R&R Ice Cream) | $7.6M | $7.6M | 1 | Saratoga Investment Corp |
| Fitness International, LLC (LA Fitness) | $4.8M | $4.7M | 1 | Saratoga Investment Corp |
| Schweitzer-Mauduit International, Inc. | $3.7M | $3.8M | 1 | Saratoga Investment Corp |
| Isagenix International, LLC | $372K | $2.9M | 3 | Barings BDC Inc, Main Street Capital Corp, Saratoga Investment Corp |
| Isagenix International, LLC (c) | $307K | $2.9M | 1 | Saratoga Investment Corp |
| Livingston International, Inc. | $123K | N/A | 1 | Blackstone Secured Lending Fund |
| Omnimax International, LLC | $30K | $30K | 1 | MidCap Financial Investment Corp |
| Mitchell International, Inc. | $23K | $23K | 1 | Oaktree Specialty Lending Corp |
| Doit International, Ltd. | $11K | N/A | 1 | Blackstone Secured Lending Fund |
| Grey Orange International Inc. | $9K | N/A | 3 | BlackRock Capital Investment Corp, BlackRock TCP Capital Corp, TriplePoint Venture Growth BDC Corp |
| TMS International Corp | $5K | $5K | 1 | Oaktree Specialty Lending Corp |
| Gulf Winds International (15)(19) | $2K | $2K | 1 | Bain Capital Specialty Finance Inc |
| Mitel Networks (International) Limited | $2K | $198K | 1 | MidCap Financial Investment Corp |
| Stark International Lux | $1K | N/A | 1 | Blackstone Secured Lending Fund |
| Madison Reed, Inc. | $185 | N/A | 1 | Trinity Capital Inc |
| Radwell International LLC | $133 | $138 | 1 | FS KKR Capital Corp |
| NPC International, Inc. (14)(19)(25)(27) | $68 | $240 | 1 | Bain Capital Specialty Finance Inc |
| LIGHTING RETROFIT INTERNATIONAL, LLC | $12 | $12 | 1 | Capital Southwest Corp |
| Isagenix International, LLC (6) | $1 | N/A | 1 | Crescent Capital BDC Inc |
Regulatory Registrations (34)
| Regulator | Country | Entity | Status | Reference |
|---|---|---|---|---|
| FCA | UK | Fidelity International | Authorised | 119191 |
| FCA | UK | DWS International GmbH | No longer authorised | 461714 |
| FCA | UK | Advent International plc | Authorised | 177735 |
| BaFin | Germany | DWS International GmbH | Active | ESMA-6123 |
| BaFin | Germany | DWS International GmbH | Active | ESMA-28965 |
| BaFin | Germany | DWS International GmbH | Active | ESMA-30563 |
| AMF | France | NATIXIS INVESTMENT MANAGERS INTERNATIONAL | Active | 899 |
| CSSF | Luxembourg | DEKA INTERNATIONAL S.A. | Active | ESMA-AIF-14617 |
| CSSF | Luxembourg | DEKA INTERNATIONAL S.A. | Active | ESMA-UCI-2828 |
| CSSF | Luxembourg | DEKA INTERNATIONAL S.A. | Active | ESMA-UCI-50893 |
| ADGM/FSRA | UAE | DWS INTERNATIONAL GMBH | Active | 250054 |
| ADGM/FSRA | UAE | Secura International Ltd | Active | 210023 |
| ADGM/FSRA | UAE | PGIM International Limited | Active | 240036 |
| DFSA | UAE (DIFC) | Fidelity International - DIFC Branch | Active | CL-0011 |
| france_rcs | France | ADVENT INTERNATIONAL SAS | Active | 413673617 |
| france_rcs | France | PLATINUM EQUITY INTERNATIONAL LLC | Active | 451735666 |
| france_rcs | France | CINVEN INTERNATIONAL LIMITED | Active | 790417109 |
| france_rcs | France | MORGAN INTERNATIONAL PARTICIPATIONS | Active | 399248343 |
| BMA | Bermuda | Cheyne Capital International L.P. | Active | |
| BMA | Bermuda | EVEREST INTERNATIONAL REINSURANCE, LTD. | Active | |
| BMA | Bermuda | Fleming International Reinsurance Ltd. | Active | |
| BMA | Bermuda | Fortitude International Reinsurance Ltd. | Active | |
| BMA | Bermuda | GENERAL INTERNATIONAL LIMITED | Active | |
| BMA | Bermuda | Medallion International Ltd. | c/o Walkers Corporate (Bermuda) LimitedPark Place55 Par La Ville RoadHamiltonHM 11 | Professional Class B Fund |
| BMA | Bermuda | Scopia International Limited | c/o Ocorian Services (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamiltonHM 10 | Institutional Fund |
| BMA | Bermuda | INTERNATIONAL MANAGERS BERMUDA LTD. | Active | |
| BMA | Bermuda | International Managers Bermuda Ltd. | Active | |
| BMA | Bermuda | HSBC Life (International) Limited | Active | |
| BMA | Bermuda | KIRKWAY INTERNATIONAL LIMITED | Active | |
| BMA | Bermuda | MAJESTIC INSURANCE INTERNATIONAL LTD. | Active | |
| BMA | Bermuda | Equinox Fund International Ltd. | Victoria Place31 Victoria StreetHamiltonHM 11 | Institutional Fund |
| BMA | Bermuda | Pacific Life Re International Limited | Active | |
| BMA | Bermuda | Opus Fund International Ltd. | c/o M Q SERVICES LTD.Victoria Place31 Victoria StreetHamiltonHM 10 | Institutional Fund |
| BMA | Bermuda | MAK Capital International Limited | c/o MQ Services Ltd.Victoria Place31 Victoria StreetHamiltonHM 10 | Institutional Fund |
Methodology
Weighted composite of 6 dimensions
fund performance: 25% - Median IRR vs strategy benchmark
talent stability: 20% - Team retention ratio + average tenure
credit health: 15% - BDC fair value as % of par + borrower concentration
regulatory compliance: 10% - Number of active registrations, legal filing count
market presence: 15% - News mentions + conference appearances + web traffic rank
growth trajectory: 15% - AUM change + hiring signals + new fund filings
Scale: 0-100, where 70+ is strong, 50-69 is moderate, below 50 is weak
Data Sources: SEC Form ADV filings, Pension fund performance reports (CalPERS, CalSTRS, WSIB, etc.), BDC 10-K/10-Q portfolio filings, FCA, BaFin, AMF, CSSF, ADGM, MAS, SFC regulatory registers, LinkedIn career histories, Market intelligence news aggregation, Conference appearance records, Tranco web traffic rankings, Glassdoor/employer rating platforms, Entity registration databases (Delaware, Cayman, Luxembourg, etc.), Hiring signal aggregation, Lobbying disclosure reports, ESG/PRI signatory data
Deal Pack generated by GP Stakes Intelligence Platform on Feb 2, 2026. Data version 202602020738.
All scores are computed algorithmically and should be used alongside independent due diligence.