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Fundraising - APRIL 17, 2018

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Pearlmark holds $104m final close for debt fund

by Jody Barhanovich

Pearlmark, a private equity boutique real estate manager and principal investor, has held a $104 million final close for its fourth mezzanine real estate fund, Pearlmark Mezzanine Realty Partners IV, according to IREI’s FundTracker database. The firm did not comment on its fundraising efforts.

Pearlmark’s debt platform makes investments across the major property sectors using a variety of instruments, including mezzanine loans, subordinate interests of A/B structured loans, preferred equity, whole loans and bridge financing. Within each of its real estate strategies, Pearlmark invests in core and value-add opportunities.

Since 2001, Pearlmark has originated more than 128 debt investments totaling approximately $1.6 billion on behalf of its mezzanine debt fund series and joint venture programs.

 

 

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