{"id":1004142541,"date":"2016-04-21T23:11:59","date_gmt":"2016-04-22T07:11:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142541"},"modified":"2020-04-16T05:35:59","modified_gmt":"2020-04-16T13:35:59","slug":"alliancebernstein-closes-fund-above-target","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/","title":{"rendered":"AllianceBernstein Closes Fund Above Target"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<div id=\"attachment_1004142542\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004142542\" data-attachment-id=\"1004142542\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/alliancebernstein-building-new-york\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg\" data-orig-size=\"960,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"alliancebernstein-building-new-york\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg?w=960\" class=\"wp-image-1004142542 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg\" alt=\"AllianceBernstein Building, New York\" width=\"300\" height=\"188\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg 960w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg?resize=300,188 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg?resize=768,480 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004142542\" class=\"wp-caption-text\">AllianceBernstein Building, New York<\/p><\/div>\n<p><strong>New York<\/strong>\u2014It\u2019s even better the second time around. Global <a href=\"https:\/\/www.commercialsearch.com\/news\/investment\/\" target=\"_blank\">investment<\/a> management firm <a href=\"https:\/\/www.abglobal.com\/\" target=\"_blank\" rel=\"nofollow\">AllianceBernstein LP<\/a> recently closed its second commercial real estate debt fund with commitments totaling $1.55 billion, surpassing its goal by more than half-a-billion dollars and outdoing Fund I, which closed with $750 million.<\/p>\n<p>Global insurers, pensions, foundations\u2014they all came out for Fund II. Like its predecessor investment vehicle, Fund II centers on the origination and acquisition of senior whole loans in the $15 million to $125 million range, collateralized by transitional commercial real estate assets of various property types across the U.S. Both funds have the right geographic focus. In 2015, North America led the way in real estate fundraising with $71 billion in commitments among 100 funds targeting the region, according to a report by alternative assets intelligence provider Preqin.<\/p>\n<p>&#8220;We think the risk-adjusted returns in transitional U.S. commercial real estate debt, particularly when accessed through an unleveraged model, are very attractive, and the continued strong demand from clients across the globe is a testament to the success of our team, the differentiation of our strategy and our rigorous underwriting approach,&#8221; Roger Cozzi, CIO of commercial real estate debt with AB, said in a prepared statement.<\/p>\n<p>For AB investors, there\u2019s more good news. Along with Fund II\u2019s closing, Fund I has extended its commitment period.<\/p>\n<p>It\u2019s been a good year for the funds so far, and given the current fundraising climate, the months ahead are likely to be fruitful as well. As noted in the Preqin report, \u201cInvestor demand for real estate exposure remains considerable&#8230;and the strong fundraising seen in 2015 looks set to continue in 2016.\u201d<\/p>\n<p><em>Image courtesy of AllianceBernstein<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York City-based company closed its second commercial real estate debt fund with $1.6 billion in commitments.<\/p>\n","protected":false},"author":969,"featured_media":1004142542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21783,1600,21742,10],"tags":[],"class_list":["post-1004142541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-investment","category-new-york","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AllianceBernstein Closes Fund Above Target - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AllianceBernstein Closes Fund Above Target\" \/>\n<meta property=\"og:description\" content=\"The New York City-based company closed its second commercial real estate debt fund with $1.6 billion in commitments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-22T07:11:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-16T13:35:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/\",\"name\":\"AllianceBernstein Closes Fund Above Target - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg\",\"datePublished\":\"2016-04-22T07:11:59+00:00\",\"dateModified\":\"2020-04-16T13:35:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg\",\"width\":960,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AllianceBernstein Closes Fund Above Target\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AllianceBernstein Closes Fund Above Target - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/","og_locale":"en_US","og_type":"article","og_title":"AllianceBernstein Closes Fund Above Target","og_description":"The New York City-based company closed its second commercial real estate debt fund with $1.6 billion in commitments.","og_url":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-04-22T07:11:59+00:00","article_modified_time":"2020-04-16T13:35:59+00:00","og_image":[{"width":960,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/","url":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/","name":"AllianceBernstein Closes Fund Above Target - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg","datePublished":"2016-04-22T07:11:59+00:00","dateModified":"2020-04-16T13:35:59+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg","width":960,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/alliancebernstein-closes-fund-above-target\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"AllianceBernstein Closes Fund Above Target"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/alliancebernstein-building-new-york.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004142541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004142541"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004142541\/revisions"}],"predecessor-version":[{"id":1004419912,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004142541\/revisions\/1004419912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004142542"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004142541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004142541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004142541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}