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Private Equity Real Estate Fundraising by Canada-Headquartered Managers

by Andrew Moylan

  • 17 Sep 2010
  • RE

Fundraising by private equity real estate firms headquartered in Canada was relatively consistent between 2004 and 2009, with aggregate capital of between USD 0.8 billion and USD 1.1 billion raised in every year except 2006. Four funds closed in 2006, raising USD 2.6 billion. To date in 2010, Brookfield Asset Management has closed its Real Estate Turnaround Consortium, which closed with commitments of USD 5.6 billion, and Northam Realty Advisors has raised CAD 400 million for Northam Canadian Commercial Property Fund.

Brookfield Asset Management is the most successful Canada-headquartered firm in terms of aggregate capital raised. It has raised a total of USD 10.7 billion in the last 10 years. KingSett Capital has raised an aggregate CAD 1.3 billion through its KingSett Real Estate Growth Fund series, while Tricon Capital Group has raised a total of USD 1 billion, from its 10 funds. Of the 10 largest Canada-headquartered firms, eight are based in Toronto.

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