Fundraising - OCTOBER 18, 2016

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

Sign in Start Your Free Trial Now View Purchase Options

PCCP launches new real estate debt fund

by Jody Barhanovich

PCCP, LLC has launched a new real estate debt fund, PCCP Credit IX, according to IREI’s FundTracker database. The firm did not comment on its fundraising efforts.

The closed-end, value-added fund will invest in debt secured by U.S. industrial, multifamily, office and retail properties. A target final close date is set for Sept. 30, 2017.

PCCP previously raised $358 million for the fund's predecessor, PCCP Credit VIII private equity fund. In addition, PCCP previously held a $910 million final close for its PCCP Credit VI fund in August 2015, exceeding its fundraising target of $750 million.

PCCP is hoping to raise $1 billion in equity commitments for its Credit IX fund, with a $1.25 billion fundraising cap.

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?