ACRE has closed ACRE Credit Fund II, raising $1 billion in capital commitments and reaching the fund’s hard cap.
The fully subscribed fund marks ACRE’s sixth discretionary vehicle and second dedicated credit fund, underscoring robust global investor demand across pensions, insurance companies, endowments, asset managers and family offices.
“We believe the current environment represents one of the most compelling backdrops for multifamily credit in over a decade, fueled by a persistent housing supply-demand imbalance, a wall of loan maturities following historic interest rate hikes, and a fundamental shift in capital treatment across global banks,” said Daniel Jacobs, managing partner at ACRE. “With more than $4 billion in lending capacity, deep borrower relationships, and a history of disciplined execution across cycles, ACRE is exceptionally well-positioned to deploy capital into this dislocated market.”
