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Brasa Capital Closes its Debut Fund

June 21, 2019, 07:18 AM
Filed Under: Industry News
Related: Real Estate

Brasa Capital Management (Brasa Capital) has held a final close of its first investment fund, Brasa Real Estate Fund, LP, exceeding its $100 million fundraising goal with $120 million in capital commitments.

Investing on behalf of pension funds and family offices, Brasa Capital focuses on middle-market commercial real estate opportunities throughout the Western US and Texas. Brasa Capital targets transactions across the capital stack requiring $5 to $25 million of equity. To date, the fund has committed capital to seven investments including a non-performing loan, mezzanine debt, preferred equity, and joint venture equity.

Brasa Capital was founded in March 2018 by former AEW Capital Management executive Eric Samek. Mr. Samek led the acquisition efforts in the Western US for AEW’s opportunistic fund. He credits Brasa Capital’s fundraising success to the team’s track record of strong investment performance and institutional investors’ desire to access the middle market.

“Our investors recognize the investment opportunity that exists as a result of the disproportionate allocation of capital to large transactions,” said Samek. “Brasa Capital allows our partners to take advantage of the robust Southern California real estate market, a region that offers tremendous potential for value creation.”

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