About This Fund
Brookfield Real Estate Secondaries Fund is a dedicated secondaries vehicle managed by Brookfield Asset Management, one of the world's largest alternative asset managers with over USD 900 billion in assets under management. Launched as Brookfield's inaugural closed-end real estate secondaries strategy, the fund acquires secondary positions in real estate funds and direct assets, providing liquidity solutions to existing real estate limited partners while generating risk-adjusted returns for institutional investors. The fund represents the firm's first standalone capital pool specifically targeting the growing supply-demand imbalance in the real estate secondaries market.
The fund pursues the acquisition of limited partnership interests in private real estate funds and direct real estate assets through the secondary market, spanning a broad range of property types including office, industrial, residential, and opportunistic assets. Brookfield leverages its deep expertise in direct real estate ownership and management, accumulated across its flagship Brookfield Strategic Real Estate Partners (BSREP) series and decades of on-the-ground operational experience in more than 30 countries, to underwrite secondary transactions with proprietary insight into asset quality and fund performance. The strategy is designed to access mispriced liquidity events arising from GP restructurings, LP portfolio rebalancing, and fund wind-downs.
Prior to launching a formal institutional fundraise, Brookfield completed at least three balance-sheet real estate secondaries transactions, demonstrating deal execution capability before opening the strategy to external capital. The fund raised institutional commitments and closed below its original target, reflecting selective market demand for dedicated real estate secondaries vehicles in its vintage year. Despite this, Brookfield announced plans to launch a follow-on real estate secondaries fund, citing a structural gap between the available supply of secondary real estate assets and the pool of dedicated capital to absorb it. Brookfield's integrated real estate platform, which manages over USD 130 billion in real assets globally, provides significant competitive sourcing advantages for secondary market transactions.