PCCP raises $508m for credit fund
PCCP has raised $508.25 million for its PCCP Credit IX fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
PCCP Credit IX, which launched in October 2016, is a value-added fund that will invest in debt secured by U.S. industrial, multifamily, office and retail properties. The fund seeks to raise $1 billion in equity commitments with a $1.25 billion fundraising cap. A target final close date is set for Sept. 30, 2017.
In October 2016, PCCP