Real Estate Funds
Starlight Canadian Residential Growth Fund III, Starlight Investments' third co-mingled fund focused Canadian multi-family sector, secured $1.2B in capital commitments from Canadian and foreign investors.
Slate Asset Management held final close for Slate Canadian Real Estate Opportunity Fund II (SCREO II) with $572M in total committed capital.
Brookfield Real Estate Finance Fund VI (BREF VI) final closed with US $4B capital commitments from 50 LPs from US, Canada, Europe and Asia Pacific. Brookfield committed US $400M to BREF VI.
CI Financial backed Axia Real Assets LP closed Axia U.S. Grocery Net Lease Fund I raising $50M from Canadian and foreign investors. CIBC World Markets Inc. acted as lead agent and Stikeman Elliott LLP acted as legal counsel.
Brookfield Asset Management held final close for its first European core-plus real estate fund, Brookfield European Real Estate Partnership (BEREP) at €1.14B.
Brookfield Asset Management held an initial closing of its first European core-plus real estate fund, Brookfield European Real Estate Partnership (BEREP), with €725M committed capital
Brookfield Asset Management held final close for Brookfield Strategic Real Estate Partners III with US $15 billion total committed capital
Bentall Kennedy High Yield Canadian Property Fund I held $145M first close with $115M from BC, Ontario, Quebec institutional investors, $30M from Sun Life. Blakes acts as legal counsel.
Northern Investment Partners, partnering with M Capital Group, plans to invest up to $160 million or US $120 million in equity in Canadian wholesale data centers.