Home Finance Brasa Capital Management Closes Second Investment Fund at $450MM

Brasa Capital Management Closes Second Investment Fund at $450MM

Brasa Capital Management, Brasa Real Estate Fund II
Courtesy of Robert Ritchie

Los Angeles – Minority-owned, emerging real estate investment manager, Brasa Capital Management LLC (“Brasa”), has successfully closed Brasa Real Estate Fund II, LP (“Fund II”), reaching its hard cap of $450 million.  

With a Fund II target of $300 million, Brasa has now exceeded its fundraising goal on its first two discretionary investment vehicles. In May 2019, only a year after its founding, Brasa closed Brasa Real Estate Fund, LP (“Fund I”), exceeding its $100 million fundraising goal with $120 million in capital commitments.   

Founded in 2018, Brasa Capital focuses on middle-market, real estate opportunities throughout the Western United States and Texas. Brasa invests between $5 million and $35 million in equity on diverse property types, with a particular emphasis on multifamily and industrial real estate assets.   

“While the larger real estate transactions attract most of the attention, it’s the middle market that drives the industry,” said Brasa Capital Founder and Managing Director Eric Samek. “The success of our first fund demonstrated the viability of our investment thesis.”

Brasa’s Fund I, which is fully committed and a top-quartile performer (1), participated in 16 investments and has realized eight of those assets to date. Brasa significantly grew its investor base for Fund II, attracting capital from 15 institutions including corporate pensions, public pensions, and foundations. Additionally, 100% percent of the institutional investors in Fund I also committed to Fund II.      

About Brasa Capital Management

Brasa Capital Management is a real estate investment manager based in Los Angeles. Brasa targets middle market real estate investments in the Western United States and Texas. The firm invests across the capital stack in diversified asset types.