Just Closed: Pearlmark Real Estate raises $71m

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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.