Pearlmark Real Estate Partners has raised $71 million for its Pearlmark Mezzanine Realty Partners IV, according to a SEC filing. The Chicago-headquartered firm began fundraising in 2013 with a $500 million target.
Its previous fund raised $427 million in 2008.
The fund will target subordinated/mezzanine debt opportunities in a diverse number of sectors in the United States.Â