Brookfield raises $3 bln for fifth real estate finance fund
Canadian alternative asset manager Brookfield Asset Management has raised US$3 billion ($3.8 billion) in committed capital for its fifth commercial real estate finance fund. Brookfield Real Estate Finance Fund V was backed by 64 limited partners, including pension plans, sovereign wealth funds, financial institutions, endowments, foundations, and family offices. Brookfield committed US$400 million. Like prior funds, Fund V will target mezzanine debt opportunities via the origination of financing for properties chiefly in major U.S. markets. It has already made nine investments involving lending commitments of about US$422 million.
14 November 2017•2 mins read
