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Brookfield Asset Management has raised hundreds of millions for its second real estate fund targeting recapitalizations and equity solutions.
The Brookfield Real Estate Solutions II fund raised approximately $900M from global investors including public pensions, insurance companies and family offices, a source familiar with the fund confirmed to Bisnow.
Backers include the Fresno County Employees' Retirement Association, which approved a $50M commitment, IPE Real Assets reported.
The fund is focusing on general partner-led recapitalizations and targeting value-add returns.
It is part of a larger strategy from the asset management giant. As more buyers have been looking to return to the space, secondaries and recapitalizations have become an attractive solution.
The fund will target investment across North America, the UK, Europe and Australia with a primary focus on the residential and logistics sectors. The fund could also target investment in self-storage, cold storage and life sciences.
Brookfield declined Bisnow's request for comment on the fund.
That fund's predecessor, Brookfield Real Estate Solutions Fund I, secured roughly $1.3B in commitments and closed in 2022.
In February, Connor Teskey took over as CEO of Brookfield Asset Management following the record-breaking fundraising cycle last year. In total, BAM raised $112B in 2025, with $13.3B in real estate commitments.
A big chunk of that money went into the firm's largest fund to date, Brookfield Strategic Real Estate Partners V, which is targeting distressed assets. The investment manager had raised $16B for the fund as of May 2025, including $5.9B in the first quarter of last year. The firm began raising capital for the fund in 2023.
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