June 14, 2019
Los Angeles-based Brasa Capital Management 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, the company focuses on middle-market commercial real estate opportunities throughout the Western U.S. and Texas.
Brasa Capital was founded in March 2018 by former AEW Capital Management executive Eric Samek. He says, “Our investors recognize the investment opportunity that exists as a result of the disproportionate allocation of capital to large transactions. 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.”
Brasa Capital targets transactions across the capital stack requiring $5 million 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.
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