AllianceBernstein Closes U.S. Commercial Real Estate Debt Fund IV


AllianceBernstein Holdings LP (“AB”) (NYSE: AB), a leading global investment management and research firm, announced the final closing of the US Commercial Real Estate Debt Fund IV (“Fund IV”), guaranteeing commitments of $1.3 billion from institutional investors.

Fund IV continues the successful transitional value-added lending strategy that AB has overseen for nine years. Alongside Fund IV, the platform has grown significantly over the past 18 months with distinct new mandates focused on fixed and base rate loans, and the launch of AB’s first private commercial mortgage REIT, which has quickly reached over $400 million in committed equity since accepting its first commitments in the fourth quarter of 2021.

The closing of CRED IV is the latest step in a period of considerable growth for AB’s U.S. commercial real estate debt platform, which has accrued more than $4.5 billion in new capital commitments since December. 2020.

The commercial real estate debt platform’s total assets in the United States, raised from investors around the world since the platform’s launch in 2013, currently stand at $10.5 billion, of which $9.0 billion dollars under active management today. The team has deployed $8.6 billion in capital for over 130 loans since its inception.

“Attracting over $4.5 billion in new capital commitments for our CRED platform in the United States reflects the successful deployment and management of our portfolio over the past decade, including navigating the COVID-19 pandemic. 19,” said Peter, investment director of AB’s US Commercial Real Estate Debt. Gordon. “The increased cost and term of capital – combined with access to leveraged and non-leveraged strategies – allows us to offer broader solutions to our clients and to be more innovative and relevant to our borrowers With nearly half of our transactions coming from repeat borrowers, we believe this will continue to further differentiate the platform in the years to come.

The continued expansion of AB’s US commercial real estate debt platform is consistent with AB’s strategy to grow its private markets platform, in partnership with Equitable, to meet client needs. On July 1, AB completed its acquisition of investors CarVal, which expands AB’s private markets platform to $54 billion in assets under management. CarVal brings its expertise in investing in opportunistic and distressed credits, renewable energy infrastructure, specialized financing and transport investments. These strategies, combined with AB’s existing business focused on direct business lending and commercial real estate lending, provide clients with a range of alternative investment solutions.

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