Publications

Fundraising - JULY 10, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

AllianceBernstein raises $60m for second real estate fund

by Reg Clodfelter

New York City–based AllianceBernstein has raised $59.4 million for its second real estate fund, AllianceBernstein U.S. Real Estate Partners II, according to a filing with the SEC.

No fundraising target was disclosed, though its predecessor fund, AllianceBernstein U.S. Real Estate Partners, raised $680 million by its final close in April 2012. USREP targeted both debt and equity investment opportunities across all property types and geographic locations throughout the United States with a focus on the recapitalization of distressed assets.

According to a press release announcing the predecessor fund’s final close, USREP was “looking to make investments of $20 million to $100 million per transaction and e

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?