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Asia Capital Real Estate (ACRE), a leading private real estate fund manager specializing in U.S. housing, has successfully closed its second credit fund, ACRE Credit Fund II, with $1 billion in capital commitments. The fund reached its hard cap and was fully subscribed, reflecting strong investor confidence in ACRE’s platform and strategy.
Launched in response to a shifting macroeconomic landscape, Credit Fund II targets multifamily loans ranging from $25 million to $125 million, with a focus on core-plus markets across the United States. The fund will be deployed over the next three years, capitalizing on a backdrop of persistent housing undersupply, rising interest rates, and a wave of loan maturities that have created dislocation in traditional lending channels.
ACRE’s vertically integrated model—spanning ownership, development, and lending—positions the firm to deliver tailored, flexible capital solutions. With over $4 billion in lending capacity and a track record of more than $7 billion in real estate transactions across 195 investments, ACRE is well-equipped to navigate market volatility and support institutional borrowers.
The fund’s investor base includes pensions, insurance companies, endowments, asset managers, and family offices, with significant participation from repeat clients and international institutions. ACRE’s strategy emphasizes first mortgages, with selective use of mezzanine debt, preferred equity, and construction loans, maintaining conservative underwriting standards around 60–65% loan-to-value.
Managing Partner Daniel Jacobs noted, “The success of Credit Fund II is a strong endorsement of our firm, track record, and the opportunity set we see ahead. We believe this is one of the most compelling environments for multifamily credit in over a decade”.
With Credit Fund II, ACRE reaffirms its commitment to being a premier provider of private credit solutions in the multifamily sector, leveraging its deep borrower relationships and disciplined execution to unlock value in a rapidly evolving market.
