S3 Capital Announces Final Close of Fund III at Hard Cap, Raising $1.3 Billion of Capital

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- S3 Capital ("S3" or "the firm"), one of the most active private construction lenders nationally,1 today announced the final close of S3 LB RE Credit Fund III ("the Fund"), with $850 million of discretionary Fund commitments and an additional $465 million of co-investment commitments. The Fund closed at its hard cap, exceeding its initial $650 million target. The fundraise brings total investable capital to approximately $1.3 billion and supports expected loan origination capacity of approximately $4.3 billion.
S3 LB RE Credit Fund III is a 6-year closed-end fund focused on first lien construction lending, primarily financing multifamily residential developments in supply-constrained markets. The Fund was raised against the backdrop of a persist