Brookfield Closes $4 Billion Commercial Real Estate Debt
BROOKFIELD, NEWS, Dec. 17, 2021 (GLOBE NEWSWIRE) – Brookfield announced today that it has closed its newest flagship real estate finance fund, Brookfield Real Estate Finance Fund VI (BREF VI), with total capital commitments of over $ 4 billion, which is more as an initial target of $ 3 billion.
A diverse group of nearly 50 LPs dedicated to BREF VI including public and private pension plans, labor organizations, foundations and endowments, financial institutions and insurance companies. The United States, Canada, Europe and the Asia-Pacific region are represented among the fund’s investors.
Brookfield has pledged $ 400 million to the fund to highlight its longstanding interests with investors.
Andrea Balkan, Managing Partner who oversees the fund, said, “Our fundraising efforts have gone exceptionally well and we appreciate the strong support we have received from our investors. We have actively invested and are excited about the opportunities to generate attractive, risk-adjusted returns from real estate debt investments. “
BREF VI continues Brookfield’s successful real estate bond investment strategy, with an emphasis on lending for high quality real estate in key US metropolitan markets and selectively in the UK and Europe at below long-term intrinsic valuations. To date, the fund has completed 15 investments totaling more than $ 700 million in mezzanine loan commitments.
About Brookfield
Brookfield is a leading global alternative asset manager with approximately $ 650 billion in assets under management in real estate, infrastructure, renewable energy, private equity and credit. Brookfield owns and operates long-lived assets and companies, many of which form the backbone of the global economy. Leveraging its global reach, access to extensive capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world – including public and private pension plans, foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
Brookfield is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively.
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