ACORE Capital launches advisor wealth platform and names Mick Manning president

ACORE Capital, a commercial real estate investment manager with more than $17 billion in assets, has launched ACORE Capital Wealth Solutions, a platform for financial advisors and their high-net-worth clients, WealthManagement.com reported. The platform will offer real estate credit and equity investment opportunities to wealthy investors.

ACORE named Mick Manning president of the new unit, with responsibility for strategy, product development and distribution. He joins from Apollo's bridge investment group, where he was a managing director and head of national sales in the client solutions group, leading distribution to RIAs and broker/dealers. Before that he was managing director and head of capital markets at Forum Investment Group and chief executive of KBS Capital Markets Group and Pacific Oak Capital Markets, according to the report.

Chief executive Warren de Haan called the launch “a natural extension of the platform we have built over the past decade” and said the new channel “enables us to invest additional capital which will deepen our already strong relationships with the borrowing community.” He also cited “meaningful opportunity and deal flow across our business.”

In September, this publication reported that asset owners planned to lift private-market exposure from 19% to 23% of assets while naming AI valuations their top macro worry.

The report did not specify asset targets, minimums, fees or vehicle structures, and advisors and investors will need to know how it is structured and what it costs before evaluating the new platform.