US investment firm AllianceBernstein has closed Commercial Real Estate Debt Fund IV with $1.3bn of capital commitments.
AB launched the US commercial real estate debt platform in 2013. It currently has $9bn of AUM under active management. The team has deployed $8.6bn of capital to over 130 loans since inception.
“The expansion in the cost and tenor of capital – combined with having access to both levered and unlevered strategies – enables us to deliver broader solutions to our clients and be more innovative and relevant to our borrowers. With nearly half of our transactions coming from repeat borrowers, we believe that this will continue to further differentiate the platform in the years to come.”
AllianceBernstein had $647B in assets under management as of June 30.
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