AllianceBernstein Holdings' (AB) US Commercial Real Estate Debt Fund IV has secured commitments of $1.3 billion from global institutional investors, the company has announced.
The company said that the CRED IV closing is the "latest milestone in a period of considerable growth for AB's US Commercial Real Estate Debt platform," which has cumulatively secured new capital commitments of over $4.5 billion since December 2020.
Furthermore, nearly half of its transactions have come from repeat borrowers, according to AB's US Commercial Real Estate Debt Chief Investment Officer Peter Gordon.
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