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New debt fund closes. Miami-based BridgeInvest has closed a $670 million equity fund, its fourth vintage specialty credit fund. Fund IV capital deployment will target the multifamily, industrial, hospitality and retail sectors, with a focus on providing senior-secured financing to existing and transitional assets ranging from $20 million to $150 million. Fund IV marks the company’s largest fundraise to date from a diverse pool of limited partners. BridgeInvest aims to close up to $1.2 billion in transactions over the next 24 months across its lending programs.