The US commercial real estate lender has set up ACORE Capital Wealth Solutions to offer its credit and select equity strategies to high net worth investors through financial advisors.

ACORE Capital, a US commercial real estate debt manager, has launched a platform that will distribute its real estate credit and select equity strategies to financial advisors and their high net worth clients. The new platform is called ACORE Capital Wealth Solutions.

Mick Manning has joined from Apollo-owned Bridge Investment Group as president of the new unit. He will oversee strategy, product development and distribution. At Bridge, Manning was managing director and head of national sales in the client solutions group, leading distribution to RIAs and broker-dealers. He was previously managing director and head of capital markets at Forum Investment Group in Denver, and before that chief executive of KBS Capital Markets Group and Pacific Oak Capital Markets.

Founded in 2015, ACORE originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity, and had about $18 billion of assets under management as of February this year. Its capital has come mainly from institutions. Its second flagship credit fund, ACORE Credit Partners II, closed in 2024 with about $1.4 billion in commitments from US pension plans, sovereign wealth funds, endowments and foundations, insurers and family offices. 

The firm argues that individual investors remain under-allocated to commercial real estate and private real estate credit compared with institutions. It said the gap is widest among the wealthiest clients.

“We continue to see meaningful opportunity and deal flow across our business and expanding into this growing investor channel enables us to invest additional capital,” Warren de Haan, chief executive of ACORE Capital, said.