Brookfield adds veteran fundraiser

Grant Berlin, former head of real estate fundraising at AllianceBernstein, has joined the Toronto-based asset manager as senior vice president in its private funds group.

Brookfield Asset Management has hired Grant Berlin as senior vice president of investor relations in its 35-person private funds group, focusing on real estate funds. He officially joins the firm’s New York office today and will report to Leo van den Thillart, the group’s managing partner. Berlin succeeds Matt Hershey, who recently joined New York advisory firm Hodes Weill as a principal.

“We are delighted to welcome Grant as a senior member of our global team,” said van den Thillart in a statement. “His deep understanding of real estate, his wealth of industry experience and his strong institutional and consultant relationships will be integral to building strong partnerships between Brookfield and our investors.”

The 20-year real estate veteran most recently was managing director and head of real estate fundraising at New York-based investment management firm AllianceBernstein. Previously, he served as a managing director at Tishman Speyer, where he was the firm’s key liaison with consultants and worked with many of the firm’s US institutional investors.  Before Tishman Speyer, Berlin worked as a partner at Invesco Realty Advisors in Dallas and as a vice president in the real estate group at JPMorgan Investment Management.

Brookfield, which has about $150 billion in assets under management, currently is raising capital for its $4 billion global real estate opportunity fund Brookfield Strategic Real Estate Partners, and a $1 billion opportunistic fund with the Investment Corporation of Dubai targeting real estate in the sovereign state. The firm also is in the market with its $250 million Brookfield Fairfield US Multifamily Value-Add Fund, which held a first close on $151 million in commitments last July, according to an SEC filing.