In February, Brookfield Asset Management launched fundraising for its fifth flagship real estate fund — Brookfield Strategic Real Estate Partners (BSREP) V — and expects to hold a first close in the coming months, according to a recent quarterly report.
The firm raised a record $93 billion of capital in 2022 across its various fund offerings. Among those was the fund’s fourth flagship real estate fund — Brookfield Strategic Real Estate Partners (BSREP) IV — which raised a colossal $17 billion and was the largest real estate fund to close in 2022.
In addition, net income for Brookfield Asset Management totaled $19 million for the fourth quarter 2022 and $19 million for the year. Net income for Brookfield Asset Management reflects results for 25 percent of the asset management business from Dec. 9, 2022, when Brookfield Asset Management acquired it
