Brookfield Closes $4.4B Real Estate Opportunity Fund

Law360, New York (July 24, 2013, 5:22 PM EDT) -- New York- and Toronto-based alternative investment firm Brookfield Asset Management Inc. has closed a real estate opportunity fund with $4.4 billion in capital, exceeding its $3.5 billion fundraising target, Brookfield said Wednesday.

Brookfield said it made a final close on its Strategic Real Estate Partners fund last week. The fund will make opportunistic investments in commercial property, real estate companies, distressed loans and other real estate securities across the globe.

The alternative asset management firm announced the closing as part of a broader update on its...
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