Brookfield Asset Management related stories
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Brookfield hires new capital raiserFormer Prudential Real Estate Investors executive Robert Bilse has been appointed vice president of Brookfield’s private funds group, based in New York, supporting capital raising and marketing activities.
- The real deal
Brookfield's success with its Real Estate Turnaround Consortium has given the Toronto-based firm the confidence to target $4 billion for its new global opportunity fund.
- Brookfield hits equity raising trail on $4b global RE fund
The Toronto-based fund manager has revealed plans for its most significant real estate capital raising effort since it attracted $5.5 billion for its Real Estate Turnaround Consortium. The fund is one of seven fundraising efforts with a combined total capital raising target of $7 billion.
- Brookfield club fund has $3.1bn of dry powder
The Toronto-based manager has invested just 30% of its $5.5bn Real Estate Turnaround Consortium, committing $1.6bn into the GGP recapitalisation. Brookfield, which has another $3.1bn of infrastructure dry powder, is planning to launch seven funds in the next 18 months eyeing $4bn of public and private equity.
- 2010 PERE AWARDS: North America
Last year was a year of transition, as many firms and individuals struggled to adjust to the new realities of the global real estate markets. It was enough to make even some of the biggest players in the industry throw up their hands in defeat. Yet, for those with savvy and discipline, 2010 proved to be a year of opportunity. So, which firms, individuals and deals stood out from the crowd in North America in 2010? PERE Awards supplement March 2011.
- Apollo, Blackstone, Brookfield do battle in PERE Awards
With just under four days of voting left to go, industry executives are voting on the deal strategy of 2010: recaps or platform takeovers
- CIC poised to open second office outside of China
CIC is to open an office in Toronto according to a report by CNBC. The office is only the second to be opened by the $300 billion sovereign wealth fund outside of Greater China since its inception in 2007.
- Brookfield raises stake in GGP in $1.7bn deal
The Toronto-based investment firm has bought all of Fairholme’s interest in the mall REIT, increasing its total stake in GGP to 38%.
- Shorenstein to buy Minneapolis building
The San Francisco-based real estate firm is looking to buy a 1.1 million-square-foot mixed-used asset from Brookfield Office Properties for approximately $207 million.
- SFERS commits to TriGate’s second fund
The $15.6 billion pension plan has approved a contribution to an emerging US real estate manager after previously committing to Brookfield’s and Rockpoint’s opportunistic vehicles.