Term Sheet: PERE Credit’s awards deadline; Tokio’s ACORE stake; McCarthy’s Blackstone exit

Friday’s submission deadline for PERE Credit’s 2025 Awards is quickly approaching for managers looking to be considered; insurance capital is back at work in US markets, this time with Tokio Marine acquiring a majority interest in ACORE Capital; senior real estate leadership is shifting at Blackstone with the imminent departure of global co-head of real estate Kathleen McCarthy Baldwin; and more in today’s Term Sheet, exclusively for our valued subscribers.