Japanese insurer Tokio Marine Holdings has agreed to acquire a majority stake in Acore Capital, a US investment manager specialising in commercial real estate (CRE) debt.
Tokio Marine is investing in Acore through its wholly owned subsidiary Delphi Financial Group. The deal value wasn’t disclosed.
“We are pleased to deepen our long-standing, mutually beneficial relationship with Acore Capital through Delphi, built over many years of close collaboration,” said Yoshiaki Nakahara, managing executive officer and group chief investment officer at Tokio Marine.
“This transaction will accelerate the growth of the firm by further enhancing its investment capabilities, infrastructure, and capital markets relationships.”