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Sign in Sign up for a FREE subscriptionNew Mexico SIC commits $100m to ACORE Credit Partners II
The New Mexico State Investment Council has approved a commitment of $100 million to ACORE Credit Partners II (ACP II).
The commitment follows NMSIC’s earlier $150 million commitment from Feb. 14, 2022.
ACP II is a commingled fund that invests in real estate debt by originating transitional commercial real estate whole loans for high-quality, well-capitalized operators and private equity sponsors, many of whom are repeat borrowers.
ACP II owns an existing portfolio of 15 performing loans, with investments made in 2022 and 2023 in an environment of changing interest rates and real estate investments.
For more information about this commitment or other funds, please visit our IREI.Q database.
