Regions

Brookfield announces that it has raised over US$14 billion in its latest initiative

July 23
9:37 PM 2013

Brookfield Asset Management announced that, to date, investors of one of their fundraising initiatives have committed over US$14 billion. The capital raised from the fund are to be used in investments towards infrastructure, property, and timber assets.

Investors in Brookfield's initiative include a diverse group of public and private pension plans, sovereign wealth funds, insurers, foundations, family offices, high net-worth individuals and endowments from Asia, the Middle East, North America, and Europe. The investors include Brookfield's affiliates as well.

Brookfield's fund obligations involve a final close for the Brookfield Strategic Real Estate Partners. Brookfield Strategic Real Estate Partners is a global private fund centered on opportunistic investment strategies in commercial real estate. It is worth around US$4.4 billion.

"We are very pleased that we have a group of the world's leading investors, from many geographies and investor categories, who have put their trust in us and we are delighted to work on their behalf. We highly value these relationships, old and new, and express our sincere appreciation for their support," a Partner of Brookfield Asset Management, Barry Blattman, said.

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