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Pearlmark Announces Second Closing of Sixth Mezzanine Fund
Pearlmark announced the second closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P.
Pearlmark Mezz VI now totals more than $300 million in commitments, including discretionary managed accounts, gaining on the traction of the first closing of more than $185 million in August 2024. Pearlmark Mezz VI anticipates a final close to occur in 2025 and expects to exceed its $400 million target.
Pearlmark Mezz VI will primarily invest in multifamily and other adjacent sectors, including student housing, active senior, and build-for-rent communities, as well as in industrial and logistics sectors. The fund will also consider investments in mixed-use, medical office, and grocery-anchored retail properties.
“There continues to be strong appetite from institutional capital for attractive risk-return in our middle-market mezzanine market, and significant demand from sponsor/borrowers for the structured gap finance products Pearlmark offers,” said Doug Lyons, Managing Principal and Head of Debt Investments for Pearlmark.
