ACORE Capital Surpasses Expectations with $1.4 Billion Close for Fund II

Leading U.S. commercial real estate debt manager, ACORE Capital LP, exceeded expectations with the final close of its ACORE Credit Partners II fund, raising approximately $1.4 billion in equity commitments. This figure surpassed the initial $1 billion target, marking the fund as the largest private real estate debt fund of 2024. ACORE's CRE credit funds, particularly ACP II, focus on managing transitional debt investments within the United States.

The oversubscribed fund attracted a diverse range of global institutional investors, including U.S. pension plans, sovereign wealth funds, endowments, foundations, insurance companies, and family offices. ACORE attributes this success to the current market dynamics, citing increased costs and reduced availability of debt capital from traditional lenders, which create compelling investment opportunities for the firm.

This achievement reinforces ACORE Capital's position as a formidable player in the commercial real estate lending space, leveraging its expertise to capitalize on evolving market conditions and deliver strong returns for its investors.