Acre Secures $1bn of Capital for Second Real Estate Credit Strategy

ACRE has closed its second real estate credit strategy at $1 billion. The New York-based manager reached the hard-cap for ACRE Credit Fund II on June 30 and signaled the official close of the strategy this week. The firm launched the fund with an investor base that included insurance companies, overseas investors and the private wealth channel in February 2023. ACRE’s preceding real estate credit strategy drew $509 million in capital commitments by comparison, company data shows.