AllianceBernstein closes third US real estate loan fund at $3.1 billion

AllianceBernstein has raised 3.1 billion (€2.7 billion) at final close for its third US commercial real estate loan fund.

The New York based funds giant said that its Commercial Real Estate Debt Fund III received approximately 70% of commitments from European and UK institutional investors, including several leading global insurers.

The commitment is double that of its predecessor, AB Commercial Real Estate Debt Fund II, which closed in 2016.

 AllianceBernstein said that the fund would focus its investments on senior secured commercial real estate loans with a maturity of three to five years.

Nitish Sharma, head of UK institutional, said: “Given the current market environment and very low interest rates investors are looking for stable portfolio returns at reasonable risk.

“Our extensive experience in US commercial real estate loan allows us to provide an interesting source of both income and diversification, compared to more traditional fixed income investments.”

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST