ACORE Capital closes oversubscribed $1.4b commercial real estate debt fund

ACORE Capital has held a final close of ACORE Credit Partners II (ACP II), which was oversubscribed with total equity commitments of approximately $1.4 billion.

ACP II is the latest and largest in ACORE’s flagship series of commercial real estate credit funds focused on originating and managing transitional debt investments in the United States. ACP II received capital commitments from a diverse group of global institutional investors, including U.S. pension plans, sovereign wealth funds, endowments and foundations, insurance companies and family offices, reflecting the strong global demand for ACORE’s real estate credit strategy.

“We sincerely appreciate the strong support we received from some of the world’s largest domestic and foreign institutions, many of whom have previously invested with us,” said Warren de Haan, CEO of ACORE. “We believe the success of this fundraise – especially in a very difficult capital raising environment – is a testament t