Brookfield Asset Management holds $3b final close
Brookfield Asset Management has held a final close for its Brookfield Real Estate Finance Fund V (BREF V) with aggregate equity commitments of approximately $3 billion.
BREF V is Brookfield’s fifth commercial real estate finance fund targeting mezzanine debt investments through the origination of financing for high-quality properties predominately in major markets across the United States.
Investors in the fund are a diverse group of 64 institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations, and family offices. Brookfield committed $400 million to the fund, aligning its interests with those of the other fund investors.
To date, the fund has made nine investments, representing aggregate mezzanine lending commitments of approximately $422 million.