Brookfield closes third global real estate fund, secures $15 bln
Brookfield Asset Management has closed its latest flagship global private real estate fund, raising US$15 billion ($20 billion) in committed capital. Brookfield Strategic Real Estate Partners III (BSREP III), the Canadian alternative asset manager's largest private fund to date, exceeded its target of US$10 billion. In all, 150 limited partners backed the fund, including pension plans, sovereign wealth funds, financial institutions, endowments and foundations, family offices, and investors from Brookfield’s private wealth channel. Brookfield committed US$3.75 billion. BSREP III has so far deployed US$5 billion to 10 global real estate investments.
31 January 2019•2 mins read
