AllianceBernstein Holdings LP (“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”). Institutional investor.
Fund IV is a continuation of the successful value-added transition financing strategy that AB has overseen for the past nine years. Alongside Fund IV, the platform has grown significantly over the past 18 months, with a new segregation mandate focused on core-plus and fixed-rate lending and the launch of AB’s first private commercial mortgage REIT, committing Capital raised quickly exceeded $400 million. Receive first commitment in Q4 2021.
The closing of CRED IV is the latest milestone in a period of significant growth for AB’s U.S. commercial real estate debt platform, which has secured over $4.5 billion in cumulative new capital commitments since December 2020.
Since the platform’s launch in 2013, the U.S. Commercial Real Estate Debt Platform’s total assets, raised from investors around the world, have now reached $10.5 billion, with $9 billion of its AUM currently under active management. Since its inception, the team has put his $8.6 billion in capital into more than 130 loans.
“The acquisition of more than $4.5 billion in new capital commitments for our U.S. CRED platform reflects the successful deployment and management of our portfolio over the past decade, including in response to the COVID-19 pandemic.” , said Peter Gordon, AB’s US Commercial Real Estate Debt Chief Investment Officer. “Expanded costs and capital terms, combined with our ability to access both leveraged and non-leveraged strategies, allow us to offer a wider range of solutions to our clients and to make our borrowers more innovative and relevant. Nearly half of our transactions are from repeat borrowers, and we believe this will continue to further differentiate our 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 partner with Equitable to grow its private markets platform to meet client needs. On July 1, AB completed the acquisition of his CarVal investors. This expanded AB’s private market platform to $54 billion in AUM. CarVal brings investment expertise in opportunistic credit, distressed credit, renewable energy infrastructure, specialty finance and transportation investments. These strategies, combined with AB’s existing businesses focused on direct corporate lending and commercial real estate lending, provide clients with a range of alternative investment solutions.
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