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Brookfield Asset Management CEO Bruce Flatt is pictured in 2012. Brookfield just wrapped up fundraising on a timber fund that met high demand.
Brookfield Asset Management CEO Bruce Flatt is pictured in 2012. Brookfield just wrapped up fundraising on a timber fund that met high demand.
(Brett Gundlock/Reuters)

Investors bet a billion on Brookfield’s timber fund

Brookfield Asset Management Inc. has another $1-billion (U.S.) under management, after wrapping up fundraising for a timber fund that met hotter-than-expected demand.

Brookfield set out to raise $750-million to invest in timberland and said commitments exceeded the target. Toronto-based Brookfield also put in $250-million of its own money.