Investment Roundup: ACORE CAPITAL Adds Wealth Division
ACORE CAPITAL, a commercial real estate investment manager with more than $17 billion in AUM, has launched ACORE CAPITAL Wealth Solutions, a platform for financial advisors and their clients.
ACWS will offer real estate credit and equity investment opportunities to high-net-worth investors.
To lead it, ACORE has appointed Mick Manning as president of ACWS, overseeing the platform’s strategy, product development and distribution.
“Launching ACORE CAPITAL Wealth Solutions is a natural extension of the platform we have built over the past decade,” ACORE Capital CEO Warren de Haan said in a statement. “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 which will deepen our already strong relationships with the borrowing community for the benefit of all our investors.”
Manning joins ACORE from Apollo’s bridge investment group, where he served as managing director, head of national sales within the client solutions group, leading distribution to RIAs and broker/dealers. He previously served as managing director and head of capital markets at Forum Investment Group, and as CEO of KBS Capital Markets Group and Pacific Oak Capital Markets.
Morningstar, Bountiful Team up on Faith-Based Frameworks for Catholics, Evangelical Christians and Latter-day Saints
Bountiful Financial is working with Morningstar Sustainalytics and Morningstar Indexes to support the development of faith-based investment offerings. These products will seek to align portfolios with faith-based principles across the investment process, from research and screening through to index implementation.
Bountiful Financial defines and maintains the faith-based frameworks for Catholics, Evangelical Christians and Latter-day Saints that will be used in the offerings. Morningstar Sustainalytics provides company-level research and screening data for application within the frameworks developed by Bountiful.
Morningstar Indexes will provide the index infrastructure and calculation capabilities to support investable benchmark offerings. According to Morningstar’s recent Faith-Based Investing: Global Landscape research, faith-based funds accounted for approximately $169 billion in assets across 853 active strategies as of April 30, 2026.
“Investors around the world value their faith and want these principles reflected in their portfolios. Bountiful Financial develops faith-based investment frameworks for investment professionals seeking to apply defined religious-value criteria through research, screening, and index-based approaches,” Bountiful Financial CEO Reid Steadman said in a statement. “Morningstar Sustainalytics’ data and research, together with Morningstar Indexes’ capabilities, help us bring those frameworks to market and make faith-based investing more accessible at scale.”
CAIA Launches Evergreen Funds Microdential
The CAIA Association has launched the CAIA.nxt Evergreen Funds Microcredential, expanding a broader body of work focused on the growing role of evergreen structures in private markets.
Previously, CAIA published The Window Narrows: Evergreen Funds and the Choice Before the Industry, which examines the growth of evergreen funds and the practices emerging around their distribution and use. The report argues that while the structure of such funds is sound, as adoption grows, industry practices and investor understanding must keep pace.
The CAIA.nxt Evergreen Funds Microcredential, sponsored by Macquarie Asset Management, Barings and HarbourVest Partners, is a six-hour online, self-paced program aimed at helping investment professionals understand how evergreen funds work, how they differ from traditional liquid and drawdown vehicles and how they can be evaluated and applied across private credit, real estate, infrastructure, private equity and other alternative investment strategies.
Allspring Adds ETF Share Classes
Allspring Global Investments joined the growing cohort of investment managers that have added ETF share classes to existing mutual funds.
Allspring added Allspring Short-Term High Income Fund–ETF Class (AHIC), Allspring Strategic Municipal Bond Fund–ETF Class (ASTM) and Allspring High Yield Municipal Bond Fund–ETF Class (AHYM).
“We believe the ETF share class structure represents an important evolution in how investors access our investment capabilities,” Rick Genoni, Allspring’s global head of Product, said in a statement. “When investors don’t have to choose between the benefits of an established mutual fund and the features of an ETF, that’s a powerful outcome.”
It expects ETF share classes to launch on two other mutual funds in 2027, the Allspring Large Cap Core Fund–ETF Class and the Allspring Premier Large Company Growth Fund–ETF Class.
Overall, more than 100 asset managers have filed applications with the SEC for exemptive relief to offer dual share classes. Dozens have received approval from the SEC, although the pace of rollouts has varied. F/m Investments was the first to go live in February. (Prior to this wave, Vanguard was the only asset manager offering dual-share classes for decades, until its patent expired.)
