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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).