New York | Brookfield Asset Management is aiming to raise $US15 billion ($23 billion) for its fifth flagship real estate fund, less than its previous version, say people familiar with the matter, as the global property market is roiled by rising borrowing costs.
Brookfield, one of the world’s largest owners of prime office properties, started raising money earlier this year for the new vehicle just months after closing its fourth fund at $US17 billion. A spokesman for the Toronto-based asset manager declined to comment.
