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Laxman Pai, Opalesque Asia:

US investment firm Alliance Bernstein (AB) has closed Commercial Real Estate Debt Fund IV (CRED IV) with $1.3bn of capital commitments from global institutional investors.

US Commercial Real Estate Debt Fund IV is a continuation of the successful value-add transitional lending strategy AB has been overseeing for the past nine years, said a press release from the global investment and research management firm.

"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," said the release.

According to the investment firm, 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 the 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 its inception.

"Attracting over $4.5 billion of new capital commitments for our US CRED platform is r......................

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