Brookfield CRE Debt Fund Closes at $4B
A diverse group of nearly 50 LPs contributed while the company committed $400 million.
Brookfield secured total capital commitments of over $4 billion as it closed its latest flagship real estate debt fund, the Brookfield Real Estate Finance Fund VI (BREF VI).
The total exceeds the initial target of $3 billion.
Brookfield committed $400 million to the fund.
A diverse group of nearly 50 LPs committed to BREF VI, including public and private pension plans, labor organizations, endowments and foundations, financial institutions, and insurance companies. Investors from the US, Canada, Europe, and Asia Pacific.
BREF VI continues Brookfield’s real estate debt investment strategy, with a focus on lending against high-quality real estate assets in major US metropolitan markets, and selectively in the UK and Europe, at valuations that are below long-term intrinsic value. To date, the fund has closed on 15 mezzanine loans in excess of $700 million.
Brookfield is a global alternative asset manager with approximately $650 billion of assets under management across real estate, infrastructure, renewable power, private equity, and credit.