opportunistic

As private real estate fund market consolidates, the New York manager continues to be the destination of choice for institutional capital

The Dallas-based firm rolled over uncalled capital from a predecessor vehicle to help close on $4.7bn for Lone Star Real Estate Fund VI.

With the addition of Oaktree, a respected credit business, Brookfield has shown how debt investing has risen to prominence post-global financial crisis and become crucial for being a global diversified asset manager, reports PERE's sister title Private Debt Investor.

Targeting a smaller vehicle goes against the trend of firms able to raise successively larger funds. There are benefits – and risks – in doing so.

The New Mexico sovereign wealth fund has invested $242m in the Los Angeles-based manager’s vehicles since 2014.

Bracing for a possible market downturn in 2019, the Chicago Teachers’ Pension Fund sees allocations to real estate debt strategies as one way for pensions to meet the liabilities of their beneficiaries.