Fundraising

Brookfield raises $3.4bn

The Toronto asset manager has raised capital for its diversified core-plus fund.

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Fund name: Brookfield Premier Real Estate Partners (open-ended)
Launch date: November 2016
Amount raised: $3.4 billion

Brookfield Asset Management raised $3.4 billion for Brookfield Premier Real Estate Partners (open-ended), according to a Form D filed by the firm. The vehicle targets diversified properties throughout North America including retail, industrial, office and multifamily real estate.

Capital committed to the core-plus fund includes $75 million from Los Angeles Water & Power Employees Retirement Plan and $91 million from New York City Employees’ Retirement System.