ACORE Credit Partners II surpasses $500m
ACORE Credit Partners II, a real estate debt fund managed by ACORE Capital, has captured $515.1 million of equity commitments, a recent filing with the SEC shows.
ACORE Capital is one of the largest global credit managers focused exclusively on commercial real estate lending. The firm is focused on originating, acquiring and managing first mortgages, B-notes, mezzanine debt and preferred equity throughout the United States.
Fund II launched in January but did not disclose a fundraising target in its SEC filing. The closed-end real estate fund focused on investing in transitional commercial real estate debt investments in primary and select secondary markets in the United States.
Recent commitments came from the Los Angeles Water and Power Employees’ Retirement Plan and the New Mexico State Investment Council, which pledged $60 million and $150 million,