AllianceBernstein Seals Up $680M PE Real Estate Fund

Law360, New York (April 18, 2012, 4:53 PM EDT) -- Asset management firm AllianceBernstein LP announced Wednesday that it has closed on its first private equity real estate fund at $680 million and plans to primarily use the capital to buoy borrowers looking to restructure and recapitalize distressed assets in the U.S. market.

With an additional $220 million in co-investment commitments lined up, AllianceBernstein U.S. Real Estate Partners LP potentially has a total of $900 million in equity at its disposal. Backing the new fund, which will also invest in real estate portfolios and joint venture...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.