Brookfield closes fourth flagship real estate fund at a record-breaking $17b

Brookfield Asset Management has raised a colossal $17 billion for its fourth flagship real estate fund — Brookfield Strategic Real Estate Partners (BSREP) IV — bringing its capital-raising period to a close.

BSREP IV was the largest real estate fund to close in 2022, followed by TPG Real Estate Partners IV with $6.8 billion and Aermont Capital Real Estate Fund with $3.8 billion, according to the IREI.Q database.

“From a fundraising perspective, we remain on track to deliver our best fundraising year ever,” said Bahir Manios, managing partner and CFO of Brookfield Asset Management, in a third-quarter earnings report in November. “Our clients continue to allocate large sums of capital to our real asset strategies that provide predominantly contracted and inflation-protected cash flows, which offer shelter during times of volatility in the