Fundraising - JUNE 21, 2017

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Brookfield raises $2.4b for fifth real estate fund

by Jody Barhanovich

Brookfield Asset Management has raised $2.43 billion for Brookfield Real Estate Finance Fund V, according to a filing with the SEC.

Brookfield Real Estate Finance Fund V is a value-added fund that will invest in debt secured by U.S. properties. The fund has received commitments from the $6.7 billion San Diego City Employees’ Retirement System and the $109.7 billion New York State Teachers’ Retirement System.

The fund’s predecessor, Brookfield Real Estate Finance Fund IV, raised $1.38 billion, coming in above its $850 million fundraising target.

Brookfield’s real estate portfolio consists of multiple asset classes, including office, retail, multifamily, industrial, hospitality, self-

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