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Brookfield Targets $100B of Fundraising for Flagship Funds

Brookfield Asset Management is targeting US$100 billion of capital for its next round of flagship funds, CEO Bruce Flatt wrote in a letter to unitholders. This includes the launch of the company’s fourth flagship real estate fund, and the Brookfield Global Transition Fund, along with being in the final closing of its flagship distressed debt fund. 

“In addition, over the next 12 months, we expect to be back in the market with our next vintage flagship infrastructure and private equity funds,” Flatt wrote.

The Toronto- and New York-based asset management giant sees a favorable outlook for its fundraising goals. “The sustained low interest rate environment combined with institutions’ need to earn returns from alternatives has created a very constructive fundraising environment,” wrote Flatt.

Additionally, “we are steadily growing our perpetual core private fund products, which take in capital on a quarterly basis.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

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