Pearlmark Real Estate Partners has raised $76 million to date for its Pearlmark Mezzanine Realty Partners IV, per a SEC filing. The Chicago-headquartered firm has set a $300 million target and began fundraising in 2015. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
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.