
AllianceBernstein Closes CRE Debt Fund at $1.3B
AllianceBernstein Holdings L.P. (AB) has reached the final closing of US Commercial Real Estate Debt Fund IV, with commitments of $1.3 billion from global institutional investors. Fund IV continues the value-add transitional lending strategy AB has overseen for the past nine years.
The CRED IV closing is the latest milestone in a period of considerable growth for Nashville-based AB’s US Commercial Real Estate Debt platform, which has cumulatively secured new capital commitments exceeding $4.5 billion since December 2020. Total assets for the platform, raised from investors worldwide since its inception in 2013, currently amount to $10.5 billion with $9.0 billion of that under active management today.
“Attracting over $4.5 billion of new capital commitments for our US CRED platform is reflective of the successful deployment and management of our portfolio over the past decade, including navigating the COVID-19 pandemic,” said AB’s US Commercial Real Estate Debt CIO Peter Gordon.
- ◦Financing