Publications

SEPTEMBER 17, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

PCCP launches $1 billion debt fund

by Andrea Waitrovich

PCCP has launched a sixth fund, PCCP Credit VI, with a $1 billion fundraising goal; the fund is open to global investors. The firm has a final close scheduled for October 2014. The value-added fund will focus on U.S. debt across all property types.

Recently, the firm closed its PCCP First Mortgage Fund II with $212.2 million in June 2013. The vehicle focuses on loans associated with multi-tenant commercial assets in the United States. It offers loans of between $10 million and $50 million but does not make construction loans.

In addition, the firm is currently raising capital for its PCCP Equity VI, which has raised $209 million. The $500 million opportunistic credit-related fund targets distressed debt and assets, with the goal of acquiring the underlying properties and repos

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?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy