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.”
- ◦Financing