Pearlmark has recently completed the second closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. This brings the total commitments for Pearlmark Mezz VI to over $300 million, including discretionary managed accounts. The first closing in August 2024 saw a strong start with over $185 million in commitments and the final close is expected to occur in 2025 with a target of exceeding $400 million.
The focus of Pearlmark Mezz VI will be on investing primarily in multifamily properties and other related sectors such as student housing, active senior communities, build-for-rent communities as well as industrial and logistics sectors. Mixed-use developments, medical offices and grocery-anchored retail properties will also be considered for investments.
According to Doug Lyons, Managing Principal and Head of Debt Investments at Pearlmark: “There is still significant interest from institutional investors looking for attractive risk-return opportunities within our middle-market mezzanine market. At the same time we are seeing strong demand from sponsors/borrowers seeking structured gap finance products offered by Pearlmark.”
