# ACRE: portfolio, investments and team

> ACRE is a private equity based in United States. 4 investments on record, latest Aug 2018. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/acre (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# ACRE

Last cheque observed Aug 2018. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $64M, Jul 2023 Private equity

Growth Buyout Multifamily Single-family Rental Real Estate

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 4 on record

Since the last cheque **3006** days **00** hrs **00** min **00** sec

Median round **$40M** Rounds led **0 of 4**

Pitch ACRE

## ACRE highlights

- 01 4 rounds on record
- 02 Mostly Series B and Series C: 100% of its rounds

## What they do

> ACRE is a vertically integrated, multifamily real estate private equity firm with equity and debt capabilities. From their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Growth Buyout
- **Sectors:** Multifamily Single-family Rental Real Estate
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **4 appearances**

- **2018** 2 rounds
- **Aug** **[Inari](https://millionrounds.com/company/inari)** Series B · US · FinSMEs **$40M** With 2 others
- **Jun** **[Evolve BioSystems](https://millionrounds.com/company/evolve-biosystems)** Series C · US · FinSMEs **$40M** With 10 others
- **2017** 2 rounds
- **May** **[Evolve BioSystems](https://millionrounds.com/company/evolve-biosystems)** Series B · US · FinSMEs **$20M** With 4 others
- **Mar** **[Farmer's Business Network](https://millionrounds.com/company/farmer-s-business-network)** Series C · US · FinSMEs **$40M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **14 named**

DM **Daniel M. Levinson** Executive Officer i Filing they signed

DP **David P. Aidi** Executive Officer i Filing they signed

DC **Drew C. Philips** Executive Officer i Filing they signed

DC **Drew C. Phillips** Executive Officer i Filing they signed

IQ **Ivan Q. Zinn** Managing Member of the general partner of the General Partner i Filing they signed

JD **Josh D. Ufberg** Executive Officer i Filing they signed

LS **Leslie Scott Menkes** Managing Partner and CCO i Form ADV

MZ **Matthew Z. Rothfleisch** Executive Officer i Filing they signed

ME **Michael E. Bogdan** Executive Officer i Filing they signed

MV **Michael Van Der Poel** Managing Partner i Form ADV

RR **Rana R. Mitra** Executive Officer i Filing they signed

RS **Raymond S. Chan** Executive Officer i Filing they signed

RM **Rob M. Flowers** Executive Officer i Filing they signed

RM **Robert M. Flowers** Executive Officer i Filing they signed

We also hold **50** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$4.7B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** ACRE Manager, LLC
- **SEC number:** CRD 311363

Funds on its Form ADV

**4** private funds, **$3.1B** in gross assets · filed Mar 2024

Real estate **3** Private equity **1**

- ACRE Credit Fund I REIT LLC *Real estate* 120 investors $1.9B
- ACRE Credit Fund II REIT LLC *Real estate* 77 investors $733M
- ACRE Multifamily IV REIT, LLC *Private equity* 56 investors $396M
- SRE IV ACRE Holdings L.P. *Real estate* 1 investor $141M

New fund on file

**$64M**

raised in Jul 2023

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth Buyout

Median round joined **$40M** the round, not its cheque

Led 0 of 4 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2018

Rounds by stage said on their site

- Series B *2*
- Series C *2*
- Growth said *-*
- Buyout said *-*

Cheques by year Led Joined

2017 2018

Often in the room with

- [Bow Capital](https://millionrounds.com/fund/bow-capital) 2
- [Tate & Lyle](https://millionrounds.com/fund/tate-and-lyle) 2

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## Who they invest alongside

The investors most often in the same rounds as ACRE. A count of rooms they were both in, not a relationship either has claimed.

[**Bow Capital** VC firm **2** rounds together](https://millionrounds.com/fund/bow-capital)[**Tate & Lyle** VC firm **2** rounds together](https://millionrounds.com/fund/tate-and-lyle)

## Recently backed

The latest companies ACRE put money into.

[**Inari** $40M · Aug 2018](https://millionrounds.com/company/inari)[**Evolve BioSystems** $40M · Jun 2018](https://millionrounds.com/company/evolve-biosystems)

## Quick answers about ACRE

### What does ACRE invest in?

ACRE invests most often at Series B and Series C (100% of the rounds on record), in sectors such as Multifamily, Single-family Rental and Real Estate.

### How active is ACRE?

4 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2018.

### What has ACRE invested in recently?

Its most recent investments on record: Inari (Series B, Aug 2018), Evolve BioSystems (Series C, Jun 2018) and Farmer's Business Network (Series C, Mar 2017).

### How big are ACRE's cheques?

The median round it joins is $40M.

### Is ACRE investing now?

No investments in the last 12 months; the latest was in Aug 2018.

### Who does ACRE invest alongside?

Most often Bow Capital (2 rounds together) and Tate & Lyle (2 rounds together).

### What kind of investor is ACRE?

ACRE is a private equity firm based in New York, United States.

### How much does ACRE manage?

About $4.7B, as regulatory assets under management (Oct 2026).

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