Brasa Capital has closed its debut real estate fund at $120 million, beating its $100 million target. Brasa Capital focuses on middle-market commercial real estate opportunities throughout the Western U.S. and Texas.
Los Angeles, CA (June 12, 2019) – 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.”
About Brasa Capital Management
Brasa Capital is a value-add real estate investment firm that focuses on multifamily, office, industrial, and retail projects in the Western US and Texas with an emphasis on Southern California. The firm primarily provides joint venture equity to strong local sponsors in its target markets. Brasa Capital’s experienced and seasoned team enhances returns by unlocking value at the asset level through careful asset selection and active management.