Brookfield raises $4.4 billion for global real estate investment fund

Toronto-based Brookfield Asset Management, which shares a minority stake in the Prudential Real Estate, Real Living and Berkshire Hathaway HomeServices franchise brands after selling most of the business to HomeServices of America Inc. last year, completed a $4.4 billion fundraising this week on a new global real estate fund, the Wall Street Journal reported.

The fund, which the Journal says is one of the largest since the financial downturn, will primarily target buildings and real estate-related companies in the U.S. and Western Europe.

Source: Wall Street Journal