---
title: "Hines and Rialto Credit Partners’ Debt Fund Closes at $1.1B"
url: https://burnaze.com/article/8d7b040c-b74c-4284-b7bf-322556c2ce09
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/09/hines-rialto-credit-partners-debt-fund-close/
author: "Edavis"
category: "Real Estate"
published: 2026-09-14T19:49:37.000Z
modified: 2026-10-31T13:18:43.022Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/09/Alfonso-Munk-funding-credit-Adobe-Stock.jpg?quality=80&w=1200
---

# Hines and Rialto Credit Partners’ Debt Fund Closes at $1.1B

**TL;DR:** Hines and Rialto Capital announced the final close of their office-focused credit fund, Hines Rialto Credit Partners, with $1.1 billion in investor commitments. The fund will focus on deploying capital toward U.S. office credit investments.

*By Edavis, originally published in Commercial Observer on 2026-09-14. [Read the original](https://commercialobserver.com/2026/09/hines-rialto-credit-partners-debt-fund-close/).*

## Story

Real estate asset managers **Hines** and **Rialto Capital** announced Monday the final close of its office-focused credit fund **Hines Rialto Credit Partners**, which reached $1.1 billion in investor commitments.

The co-general partnership between Hines and Rialto launched in 2024 and secured $700 million in its first close. The partners’ Monday announcement called the $1.1 billion close an indication of “investor demand for real estate credit strategies backed by specialized asset-level underwriting and deep market expertise.”

“This close reflects the strength of bringing together two highly complementary platforms, and the potential opportunity we see in U.S. office credit,” **Jeff Krasnoff**, CEO of Rialto Capital, said in a statement.

Hines Rialto Credit Partners will now focus its energies on deploying capital toward U.S. office credit investments. The fund recently supplied the $228.9 million bridge loan for the refinancing of the **Textile Building** at **295 Fifth Avenue** by joint venture owners **PGIM**, **Tribeca Investment Group** and **Meadow Partners**, CO reported in July.

The fund’s strategy has also included debt acquisition. In August 2025, the partners snapped up nearly $100 million in loans tied to three Midtown office buildings, *The* *Real Deal* reported.

**Alfonso Munk**, Hines’ global co-head of investment management, said in the announcement that the rapid growth of private credit requires greater scrutiny of assets.

“In real estate credit, understanding the underlying asset — what it is worth, how it performs and how it may hold up under pressure — is becoming increasingly important as the market works through a significant refinancing cycle,” Munk said. “That kind of visibility matters in any market, but particularly in a more complex credit environment.”

Hines and Rialto’s shared activity thus far has spanned both coasts. The pair provided a $91 million financing package for **Saca Development**’s acquisition of **One American Plaza** in Downtown San Diego, as CO reported in October 2025, and two months later supplied the $58 million debt to refinance **Columbia Pacific Advisors**’ office campus in Short Hills, N.J.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- investment management (topic)
- Hines (company)
- private credit (topic)
- PGIM (investor)
- Rialto Capital (company)
- debt fund (topic)
- Jeff Krasnoff (person)
- Alfonso Munk (person)
- Textile Building (location)
- Tribeca Investment Group (company)

---
Originally reported by Edavis, Commercial Observer (https://commercialobserver.com/2026/09/hines-rialto-credit-partners-debt-fund-close/). Summarized by Burnaze (https://burnaze.com/article/8d7b040c-b74c-4284-b7bf-322556c2ce09).