Brookfield launches new debt fund

Brookfield Asset Management has launched a new senior mezzanine real estate debt fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

The new closed-ended fund, Brookfield Senior Mezzanine Real Estate Finance Fund, will invest in debt secured by U.S. properties in strategic locations. Brookfield’s real estate debt strategies are implemented through closed-ended and open-ended investment vehicles.

Brookfield is a global alternative asset manager, focused on investing in long-life, high-quality assets across real estate, infrastructure, renewable power and private equity.

In additional recent fundraising, Brookfield raised $456 million for its third U.S. multifamily real estate fund, Brookfield Fairfield U.S. Multifamily Value Add Fun