PCCP raises $209 million for its sixth fund
PCCP has raised $209 million for its PCCP Equity VI, according to a filing with the Securities and Exchange Commission. The opportunistic fund launched in 2010 with a $500 million fundraising goal.
The fund will target a broad mix of property types, including niche properties nationwide. About 80 percent of its equity is planned for acquisitions, with the rest earmarked for development. PCCP Equity VI has started investing its capital.
PCCP is a real estate finance and investment management firm focused on commercial real estate debt and equity investments, with offices in Los Angeles, New York City, Sacramento and San Francisco.