Brookfield To Launch New Real Estate Fund After Raising $93B Last Year
February 8, 2023 | Jacob Wallace | Bisnow
Canadian asset management titan Brookfield has launched its fifth real estate investment fund amid what is expected to be a tumultuous year for the world’s largest asset class.
The announcement of the new fund comes after Brookfield Asset Management was spun off of Toronto-based Brookfield Corp. in December and reported raising a record $93B last year.
“The broader markets remain more volatile,” BAM President Connor Teskey said on the firm’s earnings call Wednesday. “However, dislocation in financial markets have created the most attractive opportunities … for those investors with dry capital. It is shaping up to be a very interesting and active year from an investment perspective across the business.”
