AB CRED is a top 10 global debt platform with dedicated investing teams in US and European markets. The business has over $10.3 billion in combined AUM and 31 investment professionals located in New York, Los Angeles, London, and Frankfurt (as of 12/31/22). Since its launch in 2012, AB’s US CRED team has successfully deployed capital through SMAs and various fund vehicles. Being successful in the competitive US market requires a rigorous approach—including thoughtful deal sourcing, meticulous underwriting, and disciplined asset management. The team brings a depth of knowledge and an extensive network of relationships to deliver a unique value proposition to borrowers and investors. In 2020, AB’s European CRED team was added with the acquisition of Lacarne Capital, a boutique European real estate lender with a track record dating back to 2013, facilitating AB’s rapid entry into the European market with an established team, investment process, track record, and key investor relationships. Today, it is one of the largest real estate direct lending platform launches in Europe. As an alternative to traditional lenders, we strive to deliver attractive risk-adjusted returns via solutions-oriented, relationship-focused financings that enable us to be a reliable source of capital and provide certainty of execution to borrowers through all market environments. DISCLAIMER: The views expressed herein may change at any time after the date of posting. This information does not constitute investment advice. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AB CRED, AllianceBernstein L.P. or its affiliates. The information contained herein are from sources believed by AB CRED and AB to be reliable. No representation or warranty is made concerning the accuracy of any data compiled herein.
External link for AB Commercial Real Estate Debt
Matthew Bass, Head of Private Alternatives at AllianceBernstein, offers his view on private markets – from asset diversification and liquidity to the potential for growth and regulation. https://lnkd.in/gk_SSdZV
Last week, Peter Gordon provided insights on opportunities in US commercial real estate debt at AllianceBernstein Private Alternatives’ exclusive Finance and Trading Partner conference in New York. Also speaking at the conference were Matthew Bass, Head of Private Alternatives and Ted Etlinger, Head of Private Placements with AllianceBernstein, Jay Ramakrishnan with AB Private Credit Investors and Roger D. Newkirk, Jr., CFA with AB CarVal.
Private credit markets are large and growing. It’s also making headlines, but that’s not the whole story. The keys to navigating private lending are experience, strong underwriting and structuring loans in ways that may reduce losses in defaults. In commercial real estate, negotiated covenants and reporting obligations enable lenders to be proactive.
Private Credit: What It Is and Where It Fits
In the News: The newly raised third-party capital will support AB ECRED’s Secured Income and Core+ lending programs. Secured Income focuses primarily on unlevered whole loans backed by transitional collateral. The Core+ strategy targets lending opportunities secured by largely stabilized assets. With the launch of Core+ in fourth quarter of 2025, AB ECRED now offers lending solutions spanning the full risk-return spectrum of performing real estate loans across Europe.
Matthew Bass, Head of Private Alternatives at AllianceBernstein, shared his outlook for Private Credit with Pensions & Investments. Matthew Bass: “Looking ahead, commercial real estate lending presents an opportunity because valuations have reset, and the market is recovering from the impact of COVID and the rapid rise in interest rates. Nonbank lenders benefit from this reset. Competition is more limited from banks, which are still nursing existing balance-sheet exposure. That provides an attractive spread profile and loan documentation for lenders like us.” https://lnkd.in/gTGgvxYa
Clark Coffee joined the The PERE Podcast to discuss the changing balance between equity and debt investing in European Real Estate and why downside protection has become paramount.
🎙️ From The PERE Podcast: Equity investors need to pick the winners. Credit lenders just need to avoid the losers. In this episode of The PERE Podcast, Clark Coffee, Chief Investment Officer, European Commercial Real Estate Debt at AllianceBernstein, shares why shifting valuations and structural change are strengthening the case for credit. With asset values reset and interest rates stabilising, Clark explains why downside protection is now critical and why European real estate debt is increasingly attractive as a defensive source of income. AB Commercial Real Estate Debt 🗣️ Listen to the full episode: https://okt.to/gSM3aE #RealEstateCredit #PrivateMarkets
The AB Commercial Real Estate Debt team is looking forward to attending the upcoming annual #MIPIM conference. If you would like to connect or set up a meeting, please reach out to one of our team members. Clark Coffee Shivam Rastogi Daniel Gandhi Saif Kureishi Jorden M. Korte, CAIA, Business Development Khaled W. Al Ghafari, Capital Formation Philipp Lehner, Capital Formation