- Brookfield (BAM.A) closes its latest flagship real estate debt fund with capital committments of over $4 billion
- Nearly 50 diverse Limited Partnerships (LP) committed to the fund
- Brookfield is a global alternative asset manager with US$650 billion of assets in real estate, infrastructure, renewable power, private equity, and credit
- Brookfield (BAM.A) is up 0.13 per cent at C$74.64 per share at 2:02 PM EST
Brookfield has closed its latest flagship real estate debt fund with total capital commitments of over $4 billion.
This exceeded the initial target of $3 billion.
Nearly 50 diverse Limited Partnerships (LP) committed to the fund, including public and private pension plans, labour organizations, endowments and foundations, financial institutions, and insurance companies.
The United States, Canada, Europe, and Asia Pacific are all represented among the investors in the fund.
Brookfield has committed $400 million to the fund given its alignment with the investors.
Managing Partner, Andrea Balkan, who oversees the fund, said.
“We have been actively investing and are excited about the opportunities to generate attractive, risk-adjusted returns on real estate debt investments.”
The fund continues Brookfield’s real estate debt investment strategy, with lending against high-quality real estate assets in the US, UK, and Europe.
Brookfield is a global alternative asset manager with US$650 billion of assets in real estate, infrastructure, renewable power, private equity, and credit.
Brookfield (BAM.A) is up 0.13 per cent at C$74.64 per share at 2:02 PM EST.
