At a glance
- The fund drew commitments from a range of institutional investors and has committed $400 million across 14 investments, leaving about $700 million still to put to work.
- Advisors evaluating ACORE's new wealth platform get a measure of the manager's track record: ACORE says it has committed $1.34 billion to the strategy since 2015.
- ACORE reported $18.3 billion in regulatory assets across 29 accounts and 121 employees in its Form ADV filing with the SEC dated April 13.
ACORE Capital closed its second opportunistic real estate credit fund at $1.1 billion, above its $1 billion target and more than four times the size of its predecessor, according to Alternative Credit Investor.
The fund drew commitments from a range of institutional investors and has committed $400 million across 14 investments, leaving about $700 million still to put to work. ACORE launched the opportunistic credit strategy in 2020 to make higher-yielding commercial real estate loans.
Advisors evaluating ACORE's new wealth platform get a measure of the manager's track record: ACORE says it has committed $1.34 billion to the strategy since 2015. ACORE launched the platform last week to offer real estate credit and equity strategies to high-net-worth clients through financial advisors, as Private Wealth Daily previously reported.
ACORE reported $18.3 billion in regulatory assets across 29 accounts and 121 employees in its Form ADV filing with the SEC dated April 13.
Reported by the Fund launches & raises desk from Alternative Credit Investor and Form ADV (SEC IAPD). Published . Corrections