RCG Longview raises $172 million for its fifth debt fund
RCG Longview has raised $172 million for its RCG Longview Debt Fund V, according to a filing with the Securities and Exchange Commission. The debt fund launched in February 2012 with a target close date of Jan. 1, 2014, and a fundraising goal of $500 million.
The core-plus/value-added fund will pursue a similar investment strategy to that of its predecessors, looking to generate equity-like returns while only taking on debt-level risk by focusing on bridge and mezzanine loans, B-notes and preferred equity investments throughout the United States.
Investors to date include the Pennsylvania Public School Employees’ Retirement System (PSERS), which committed $75 million this past September. PSERS also invested in RCG Longview Debt Fund IV, which raised $602.5 million and closed