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PIMCO raises $1.18b for real estate debt fund
Fundraising - AUGUST 12, 2019

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PIMCO raises $1.18b for real estate debt fund

by Kali Persall

The PIMCO Commercial Real Estate Debt Fund, managed by Newport Beach, Calif.–based global investment management firm Pacific Investment Management Co. (PIMCO), has raised approximately $1.18 billion, according to an SEC Form D filed on Aug. 6.

The closed-end fund, which seeks to invest in mortgages, CMBS and mezzanine loans across the United States, has received capital commitments from 63 investors.

The fund has nearly doubled in size from the time of its last filing, when $697 million of capital commitments was reported on Aug. 14, 2018.

While not disclosed in the filings, media sources reported the fundraising target to be more than $1 billion.

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