Brookfield Global RE Fund Nets $2B At First Closing

Law360, New York (June 1, 2012, 7:15 PM EDT) -- Canadian real estate private equity company Brookfield Asset Management Inc. has raised $2 billion for a giant global real estate opportunity fund as of its first close, it said in a Friday regulatory filing.

The REIT and real estate fund owner said in a filing with the U.S. Securities and Exchange Commission that it had raised $2 billion of the fund's $3.5 billion fundraising target.

Half of the funds came from Brookfield itself, according to media reports. Institutional investors including pension plans and sovereign wealth funds...
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