Brookfield Asset Management has launched a new investment vehicle, targeting investment opportunities in property assets and real estate operating companies in North America, Brazil, Europe and Australia.
IREI understands Brookfield Strategic Real Estate Partners IV (BSREP IV) already has begun ramping up its investment base. In March, the Minnesota State Board of Investment said it was considering a $300 million commitment to BSREP IV.
With a $17 billion fundraising target, BSREP IV will be the firm’s largest real estate fund to date, surpassing the predecessor fund’s $15 billion.
Brookfield declined to comment on its fundraising activity.
