Brasa Capital Management has held the final close on its largest real estate fund to date, Brasa Real Estate Fund III, with $582 million in equity commitments exceeding its predecessor fund by approximately 30 percent.
Brasa, a Los Angeles-based real estate investment manager, invests across the capital stack of middle-market residential and commercial assets in the Western United States and Texas. The firm has successfully raised more than $1.25 billion in equity since its inception in 2018.
“In a difficult fund-raising environment, we were still able to expand and diversify our institutional investor base of corporate pensions, public pensions, and foundations for Fund III,” said Eric Samek, Brasa’s Founder and managing director. “Investors were intrigued by our strategy, where we seek to take advantage of the inefficiencies that we believe exist in the less competitive middle market, and we received interest from both existing and new investors.”
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