Pearlmark raises $50m for mezzanine debt fund

Pearlmark Real Estate Partners has raised $50m for the first close of Pearlmark Mezzanine Realty Partners IV, the latest fund in the firm’s high yield debt series. The fund will originate mezzanine loans for acquisitions, refinancings, recapitalizations and development projects, also targeting subordinate interests of structured loans, preferred equity and bridge loans. The fund is targeting returns between 10 and 12 percent. […]