AllianceBernstein raises almost $900m in RE debt fund

AllianceBernstein has completed the first close of its fourth U.S. Commercial Real Estate Debt fund (CRED IV) with nearly $900 million in capital commitments.

Equitable is serving as a lead investor, which represents a continuation of the strong partnership between the two firms as AllianceBernstein (AB) expands its alternatives platform.

CRED IV will directly originate floating-rate first mortgage whole loans secured by high quality, transitional U.S. commercial real estate. The loans are held on an unleveraged basis, and the strategy is a continuation of previous AB CRED funds.

“Attracting close . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Related Articles

Get started

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!