AllianceBernstein closes latest real estate debt fund on $1.3bn

AllianceBernstein closes latest real estate debt fund on $1.3bn

US investment firm AllianceBernstein has closed Commercial Real Estate Debt Fund IV with $1.3bn of capital commitments. The firm said Fund IV will deploy a value-add transitional lending strategy. AB launched the US commercial real estate debt platform in 2013. It...