ACORE CAPITAL Closes Second Opportunistic Credit Fund Above Target with $1.1 Billion of Commitments
October 29, 2026
NEW YORK – October 29, 2026 – ACORE CAPITAL, a leading U.S. commercial real estate investment manager, today announced the final close of ACORE Opportunistic Credit II (“AOC II”), its second dedicated fund for opportunistic credit investments with $1.1 billion of commitments, exceeding its $1 billion target.
ACORE launched its Opportunistic Credit strategy in 2020 with ACORE Opportunistic Credit I, building on the firm’s longstanding real estate credit platform, deep underwriting expertise and borrower relationships to pursue potentially higher yielding opportunities across the commercial real estate market.
“For more than a decade, we have built our business around the ability to navigate market cycles, identify where capital is most needed and deploy it with discipline. At a moment of significant dislocation across commercial real estate, we believe our experience, relationships and capabilities position us to capitalize on the market opportunity and continue delivering for our investors,” said Warren de Haan, Chief Executive Officer and Co-Founder of ACORE CAPITAL. “The strong investor demand for AOC II, which closed at more than four times the size of its predecessor fund, is a powerful endorsement of both the investment case for opportunistic real estate credit and the platform we have built at ACORE.”
“The strong support for AOC II from a diverse group of institutional investors reflects the confidence in our team, our platform, and the opportunity we see ahead,” added Michael Romo, Partner and Head of Global Investor Group at ACORE CAPITAL. “With this latest opportunistic credit vehicle, we continue to build and expand our track record of being effective stewards of investors’ capital and draw on our expertise, relationships and disciplined investment approach to deliver results on behalf of our growing investor community.”
“Opportunistic real estate credit continues to offer compelling risk-adjusted return potential, driven by a significant basis re-set across many asset classes that provides an attractive opportunity to finance business plans that can take advantage of today’s discounted valuations,” said Matthew Drummond, Senior Managing Director and Head of High Yield Strategies at ACORE CAPITAL. “In an uncertain capital markets and interest rate environment, institutional equity investors remain very selective. Utilizing ACORE’s origination network and structuring expertise, we see an opportunity to generate equity-like returns at a more senior position in the capital structure.”
To date, AOC II has committed $400 million of capital across 14 deals, and since the firm’s founding in 2015, ACORE has committed $1.34 billion of capital into opportunistic credit investments.
About ACORE CAPITAL
ACORE CAPITAL, LP is a leading U.S. commercial real estate investment manager with more than $17 billion of assets under management as of June 30, 2026. Headquartered in New York, with offices in Los Angeles, Miami, San Francisco and Dallas, ACORE originates, acquires and manages commercial real estate credit and select equity investments on behalf of institutional investors globally and high-net-worth investors in the U.S. ACORE’s success has been fueled by its long-standing industry relationships and access to a consistent pipeline of origination opportunities.
For more information, please visit https://acorecapital.com
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Disclaimers
All investments involve a degree of risk, including a risk of loss.
Certain statements made in this release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. ACORE assumes no obligation to update or revise any such forward-looking statements except as required by law. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside ACORE’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Opportunistic strategies commitments include prior pool investment vehicles and other investments that have a substantially similar investment strategy and criteria.