AllianceBernstein Closes US Commercial Real Estate Debt Fund IV
Firm secures over $4.5 billion in commitments in the last 18 months across its US CRED platform NASHVILLE, Tenn. , Aug. 4, 2022 |PRNewswire| -- AllianceBernstein Holdings L.P. ("AB") (NYSE: AB ), a leading global investment and research management firm, has announced the final closing of US Commercial Real Estate Debt Fund IV ("Fund IV"), securing commitments of $1.3 billion from global institutional investors. Fund IV is a continuation of the successful value-add transitional lending strategy AB has been overseeing for the past nine years. Alongside Fund IV, the platform has grown substantially over the past 18 months with new segregated mandates focused on core-plus and fixed rate lending, and the launch of AB''s first private commercial mortgage REIT which has quickly grown to over $400 million in committed equity since accepting its first commitments in Q4 2021. The CRED IV closing is the latest milestone in a period of considerable growth for … Full story available on Benzinga.com
AllianceBernstein Closes US Commercial Real Estate Debt Fund IV
Firm secures over $4.5 billion in commitments in the last 18 months across its US CRED platform NASHVILLE, Tenn. , Aug. 4, 2022 |PRNewswire| -- AllianceBernstein Holdings L.P. ("AB") (NYSE: AB ), a leading global investment and research management firm, has announced the final closing of US Commercial Real Estate Debt Fund IV ("Fund IV"), securing commitments of $1.3 billion from global institutional investors. Fund IV is a continuation of the successful value-add transitional lending strategy AB has been overseeing for the past nine years. Alongside Fund IV, the platform has grown substantially over the past 18 months with new segregated mandates focused on core-plus and fixed rate lending, and the launch of AB''s first private commercial mortgage REIT which has quickly grown to over $400 million in committed equity since accepting its first commitments in Q4 2021. The CRED IV closing is the latest milestone in a period of considerable growth for … Full story available on Benzinga.com