UPDATED: RCG Longview raises $285m for debt fund
RCG Longview, a New York City–based investment manager, has raised $285 million for its RCG Longview Debt Fund VI.
The value-added fund will invest in mezzanine debt for U.S. properties. The fund opened in February 2016 and is seeking to raise $400 million. The fund received a $75 million commitment from the $52.4 billion Pennsylvania Public School Employees’ Retirement System in June 2016.
To date, RCG Longview has placed more than $2 billion in the form of mezzanine debt, acquisition loans, construction loans, bridge financing and preferred equity investments, which has financed real estate with a total capitalization of $15 billion.