Brasa Capital Management has raised $582 million after closing its third real estate fund. While the figure missed its initial fund target of $750 million, it still plans to deploy the capital on both residential and industrial properties, according to a report from Private Equity Real Estate.
Eric Samek, founder and managing director of Brasa, admitted to the magazine that fundraising has been more difficult, as interest rates remain elevated.
The fund received $100 million in commitments from the Teachers’ Retirement System of the State of Illinois. To add to that, more than 50 percent of the investments came from public pensions. Also, emerging manager programs from the New York State Common Retirement Fund and GCM Grosvenor, drove some traction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
