Brookfield Moves To Raise $5B With 8 New Funds

Law360, New York (May 30, 2012, 6:09 PM EDT) -- Brookfield Asset Management Inc. is seeking investors for several new funds with a total fundraising goal of $5 billion, $3.5 billion of which is reportedly slated for global real estate investment, according to news reports published Wednesday.

The Toronto-based asset management firm is looking to contribute about $1 billion and raise $2.5 billion from outside investors for what would be one of the largest real estate funds since the economic downturn, according to a report in the Wall Street Journal.

It was not immediately clear whether...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.