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Madison Capital Group Taps Former Sterling Exec to Target RIA, Family Office Distribution
Madison Capital Group has appointed Chris Best as managing director to expand distribution through registered investment advisers and family offices. AltsWire reports that his responsibilities include fundraising strategy and building the distribution team. Best previously worked at Core Spaces and spent more than 16 years with Sterling Capital Management.
The appointment accompanies Madison's expansion in tax-advantaged real estate products. In June, the firm launched Madison Reno Hotel QOF with a $36.2 million fundraising objective for redevelopment of the former Harrah's property in downtown Reno. That figure is a target, and the hiring announcement does not establish that the fund has completed its raise.
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