Firm secures over $4.5
billion in commitments in the last 18 months across its US
NASHVILLE, Tenn., Aug. 4, 2022
/PRNewswire/ -- AllianceBernstein Holdings L.P. ("AB") (NYSE:
AB), a leading global investment and research management firm, has
announced the final closing of US Commercial Real Estate Debt Fund
IV ("Fund IV"), securing commitments of $1.3
billion from global institutional investors.
Fund IV is a continuation of the successful value-add
transitional lending strategy AB has been overseeing for the past
nine years. Alongside Fund IV, the platform has grown substantially
over the past 18 months with new segregated mandates focused on
core-plus and fixed rate lending, and the launch of AB's first
private commercial mortgage REIT which has quickly grown to over
$400 million in committed equity
since accepting its first commitments in Q4 2021.
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.
Total assets for the US Commercial Real Estate Debt platform,
raised from investors worldwide since inception of the platform in
2013, currently amount to $10.5
billion with $9.0 billion of
that AUM under active management today. The team has deployed
$8.6 billion of capital to over 130
loans since inception.
"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 Chief Investment Officer
Peter Gordon. "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."
The continued expansion of AB's US Commercial Real Estate debt
platform is consistent with AB's strategy of growing its private
markets platform, in partnership with Equitable, to meet client
needs. On July 1, AB completed its
acquisition of CarVal investors, which expands AB's private markets
platform to $54 billion in AUM.
CarVal brings investment expertise across opportunistic and
distressed credit, renewable energy infrastructure, specialty
finance and transportation investments. These strategies, combined
with AB's existing businesses focused on corporate direct lending
and commercial real estate lending, provide clients with an array
of alternative investment solutions.
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals, and private
wealth clients in major world markets. As of June 30, 2022, AllianceBernstein had $647B in assets under management. Additional
information about AB may be found on our website,