Brookfield Strategic Real Estate Partners IV
A Private Real Estate investment opportunity
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Join our session with:
Managing Partner and Head of Brookfield Europe Real Estate
Head of Real Estate Products at BNP Paribas Wealth Management
who will share with you their latest global real estate fund opportunity: Brookfield Strategic Real Estate Partners IV (“BSREP IV”).
Brookfield opportunity presented by Maxime Jouret, Head of Real Estate Products at BNP Paribas Wealth Management
Nouvelle opportunité immobilière avec Brookfield présentée par Maxime Jouret, Responsable de l'offre Immobilière chez BNP Paribas Wealth Management
Managing Partner and Head of Brookfield Europe Real Estate
Head of Real Estate Products at BNP Paribas Wealth Management
Brad Hyler is a Managing Partner in Brookfield’s Real Estate Group and Head of Europe, responsible for overseeing all real estate activities in the region, including investments, portfolio management and new fund formation.
Mr. Hyler joined Brookfield in 2011 in New York and relocated to London in 2015. Since joining, he has been heavily involved in a number of significant M&A transactions including Verde, IDI, Gazeley, Roost, Saco, IC and Vesta. He has also been instrumental in the creation and expansion of Brookfield’s logistics and student housing operating platforms.
Mr. Hyler serves a director on Brookfield’s real estate portfolio company boards in Europe. Prior to joining Brookfield, Mr. Hyler held various positions at O’Connor Capital Partners and Jones Lang Lasalle. Mr. Hyler holds a BA in Economics from the University of North Carolina at Chapel Hill.
Maxime Jouret is the Head of Real Estate Products at BNP Paribas Wealth Management, responsible for the real estate investment funds activity globally, including selection of master funds, feeder funds structuration, distribution and monitoring.
Mr Jouret joined BNP Paribas Wealth Management in 2014 in Paris to develop the private real estate practice. Since joining, he has been instrumental in the strong increase of the real estate assets managed by Wealth Management on behalf of its clients.
Mr Jouret is a senior member of the Private Markets team within Wealth Management. Prior to his current functions, Mr Jouret held various positions at BNP Paribas both in Paris and in London. He began his career at Bain&Company as a consultant in the financial sector. Mr Jouret holds a MBA from the ESSEC business school.
Brookfield: A trusted partner in Private Real Estate with solid track record
Brookfield is one of the world’s largest alternative asset managers established in 1987, with USD 609bn of AuM including USD 210bn of AuM in real estate, with a presence in 30+ countries. Brookfield Property Group has over 500 real estate professionals and 24,400 operating employees globally with in-house Development, Leasing, Renovations, Property Management, Marketing and Tenant Management teams.
Brookfield has delivered strong and consistent track record: since 2006, a 24%* current gross IRR and a 1.7x current gross MOC with over USD 24bn of proceeds.
current gross IRR*
current gross MOC*
Note: As of March 31, 2021.
*Past performance is not a reliable indicator of future performances. No guarantee is given on the success, profitability, return or benefit of this investment.
Your investment opportunity: Brookfield Strategic Real Estate Partners IV (“BSREP IV”)
The new fund, BSREP IV, is targeting USD 17bn fund size, by which it has already held its first close securing c. USD 8.7bn of investor capital.
Global Geographic Focus
Americas 45%, Europe & Middle East 30%, Asia Pacific 25%
Real Estate Sector Focus
Office, retail, multi-Family, hospitality, student Housing, logistics and others
Near-Term Investment Themes
Public market pricing dislocation, balance sheet stress/distress, housing crisis, e-commerce trend, regional dislocation, alternatives
Interested in this investment opportunity?
Contact your Relationship Manager
This document is communicated by the Wealth Management métier of BNP PARIBAS SA supervised and authorised as a Bank by the European Central Bank ("ECB") and in France by the French “Autorité de Contrôle Prudentiel et de Résolution” (“ACPR”) and regulated by the French “Autorité des Marchés Financiers” (“AMF”) (hereinafter BNP Paribas).
Brookfield Strategic Real Estate Partners IV–C (ER) SCSp is a Luxembourg “Société en Commandite Spéciale” (a special limited partnership). Its General Partner is Brookfield Strategic Real Estate Partners IV Lux GP Sàrl, a Luxembourg “Société à responsabilité limitée” (a private limited liability company). It is managed by LFE European Asset Management Sàrl which has been appointed as Alternative Investment Fund Manager.
PrivAccess XIV Real Estate Global Opportunistic 4 is a compartment of PrivAccess XIV SICAV-RAIF SCA (hereinafter “PrivAccess XIV REGO 4“) a Luxembourg investment company with variable capital, structured under the form of a Multi-Compartment Reserved Alternative Investment Fund, registered as a corporate partnership limited by shares, notified to the CSSF. It is managed by its general partner: PrivAccess General Partner S.a.r.l and Global General Partner SA, which is an Alternative Investment Fund Manager authorised by the Luxembourg CSSF, has been appointed to manage PrivAccess XIV REGO 4.
This material is confidential and intended solely for the use of the person to whom it has been delivered and must not be distributed, published or reproduced, in whole or in part nor may it be quoted or referred to in any document without the prior consent of BNP Paribas. This document is provided solely for the purpose of providing general information and shall not constitute an offer, a solicitation or an investment advice nor shall it form the basis of or be relied upon in connection with any subscription or commitment. In addition, this document and its content shall not in any way be construed as an advertisement, inducement or recommendation of any kind or form whatsoever. For the purposes herein, “BNP Paribas” means BNP Paribas SA and its respective affiliates and related corporations.
Although the information provided herein may have been obtained from published or unpublished sources considered to be reliable, and while all reasonable care has been taken in the preparation of this document, BNP Paribas does not make any representation or warranty, express or implied, as to its accuracy or completeness and does not accept responsibility for any inaccuracy, error or omission nor any liability for the use of or reliance on this document or any part of the information contained herein. Past performance is not a reliable indicator of future performance. BNP Paribas is not giving any warranties, guarantee or representation as to the expected or projected success, profitability, return, performance, result, effect, consequence or benefit (either legal, regulatory, tax, financial accounting or otherwise) of any security.
Prior to making any commitment, the investor should take advice from his legal, tax and financial advisors. Subscribers should be in a position to fully understand the features of the subscription and be financially able to bear a loss of their investment and be willing to accept such risk. Save as otherwise expressly agreed in writing, BNP Paribas is not acting as financial adviser of, or in any fiduciary capacity to, the subscriber in any subscription.
An investment in PrivAccess XIV REGO 4 should be conditioned upon the previous reading and understanding of its Issuing Document and its Subscription Agreement which are available in English only and which describe the rights and obligations of the investors. Therefore, prospective subscribers should not rely on any other information not contained in such Issuing Document and Subscription Agreement.
Under no circumstances will PrivAccess XIV REGO 4, PrivAccess General Partner S.a.r.l, Global General Partner SA, BNP Paribas, Brookfield Strategic Real Estate Partners IV–C (ER) SCSp, Brookfield Strategic Real Estate Partners IV Lux GP Sàrl, LFE European Asset Management Sàrl pay or reimburse any current or future taxation in the subscribers’ country of origin, residence or domiciliation or wherever subsequent to the subscription, holding, conversion, sale or liquidation of ordinary shares in PrivAccess XIV REGO 4 or in Brookfield Strategic Real Estate Partners IV–C (ER) SCSp. The subscriber will be responsible for such payment or reimbursement.
BNP Paribas may provide investment banking, commercial banking or financial advisory services to the property companies of Brookfield Strategic Real Estate Partners IV–C (ER) SCSp and therefore BNP Paribas interests may be contrary to those of the subscribers of Brookfield Strategic Real Estate Partners IV–C (ER) SCSp and PrivAccess XIV REGO 4.
No measures have been nor will be taken in any country or territory for the purposes of allowing a public offering of the investment described in this document, or the holding or distribution of any document relating to this investment. These ordinary shares are not recommended by any federal or state securities commission or any other regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. BNP Paribas, PrivAccess General Partner S.a.r.l, Global General Partner SA, Brookfield Strategic Real Estate Partners IV Lux GP Sàrl, LFE European Asset Management Sàrl entities are separate legal entities and none of them is representing or acting as an agent for the other.
This document is not for distribution to US Persons and US Persons are not eligible to apply to become Shareholders in PrivAccess XIV REGO 4. The ordinary shares of PrivAccess XIV REGO 4 will be offered and sold only outside the United States to persons who are not US Persons, in reliance on Regulation S. There is no obligation on the part of any person to register the ordinary shares of PrivAccess XIV REGO 4 under the United States Securities Act or any securities laws of any state of the United States, and no such registration is planned. The ordinary shares of PrivAccess XIV REGO 4 are subject to limitations on transfer as set forth in the Issuing Document of PrivAccess XIV REGO 4. By accepting this documentation, the subscriber agrees to be bound by the foregoing limitations.
BNP Paribas SA (2021). All rights reserved.
This is not an exhaustive list. For more information please refer to Risk Factors in the section 2.18 of the Issuing Document of PrivAccess XIV REGO 4.
An investment in PrivAccess XIV REGO 4 includes a degree of significant risk since there is no guarantee that the Feeder Fund will meet its return targets, nor that Investors will recover all or part of their investment in PrivAccess XIV REGO 4 (risk of capital loss).
Debt and debt-related investments carry a relatively high degree of risk owing to the business and financial uncertainties facing individual issuers. Alternative investments often are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are suitable only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase the volatility and risk of loss. Alternative Investments typically have higher fees than traditional investments. Investors should carefully review and consider potential risks before investing.
Changes in economic, regulatory and financial conditions, can affect substantially and adversely the business and prospects of any of the Investments. There can be no assurance that Brookfield Strategic Real Estate Partners IV–C (ER) SCSp will be successful in its Investments and there is no assurance of any distribution to its investors (including PrivAccess XIV REGO 4) at any time.
Ordinary shares in PrivAccess XIV REGO 4 cannot be freely sold. No representation is made by PrivAccess XIV REGO 4 or PrivAccess General Partner S.a.r.l its general partner, Global General Partner SA and/or BNP Paribas as to the existence of a secondary market for the ordinary shares and the commitments of any Investor. However, BNP Paribas will use its reasonable efforts to try to find a potential new investor wanting to purchase the investor’s ordinary shares and commitment in PrivAccess XIV REGO 4 subject to the transfer process as defined in the Issuing Document of PrivAccess XIV REGO 4. Nevertheless, investors willing to sell their ordinary shares in PrivAccess XIV REGO 4 must be prepared to bear the risk of capital loss and BNP Paribas will not assume any responsibility linked to this potential specific transaction. No representation or guarantee is given by BNP Paribas as to the existence of a market for PrivAccess XIV REGO 4 and as to the consequences of the application of this process.
If an investor does not meet a drawdown at the time and for the required amount, PrivAccess General Partner S.a.r.l acting as general partner of PrivAccess XIV REGO 4 may declare such investor as Defaulting and as such take one of the actions defined in the PrivAccess XIV REGO 4 issuing Document.
Investors of Brookfield Strategic Real Estate Partners IV–C (ER) SCSp and PrivAccess XIV REGO 4 will have no opportunity to control the day-to-day operation. Brookfield Strategic Real Estate Partners IV Lux GP Sàrl / LFE European Asset Management Sàrl will have sole and absolute discretion in structuring, negotiating and purchasing, financing, monitoring and eventually divesting Investments made by Brookfield Strategic Real Estate Partners IV–C (ER) SCSp. Accordingly, investors of Brookfield Strategic Real Estate Partners IV–C (ER) SCSp, including PrivAccess XIV REGO 4, will rely exclusively on the ability of Brookfield Strategic Real Estate Partners IV Lux GP Sàrl / LFE European Asset Management Sàrl to select, manage and exit such investments.
Brookfield Strategic Real Estate Partners IV–C (ER) SCSp will invest in properties or shareholdings of unquoted property companies. Potential investors should be aware that investments in property companies whose shares are not quoted on any exchange or market can involve a greater risk than investments in quoted companies.
The leveraged capital structure of some property companies in which Brookfield Strategic Real Estate Partners IV–C (ER) SCSp may indirectly invest will increase the exposure of such Investments to adverse financial or economic conditions. Under such conditions, the value of the Brookfield Strategic Real Estate Partners IV–C (ER) SCSp’s debt or equity Investment in a property company could be significantly reduced or even eliminated.
The success of PrivAccess XIV REGO 4 will depend on the expertise and commitment of the investment team managing Brookfield Strategic Real Estate Partners IV–C (ER) SCSp, in particular on the capacity of Brookfield Strategic Real Estate Partners IV Lux GP Sàrl / LFE European Asset Management Sàrl to identify, select and acquire appropriate assets. No guarantee can be given that the return objective will be met. The investors have to be aware of the risks related to this type of investment, the invested capital is not guaranteed and can be partially or totally lost.