Brasa Capital Management
Brasa Capital Management is a Los Angeles-based real estate investment manager that invests across the capital stack in middle-market multifamily, industrial, and distressed assets across the Western US and Texas for institutional LPs and high net-worth investors through commingled funds and separate accounts.
- Company typePrivate
- Founded2018
- HeadquartersLos Angeles, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Brasa Capital Management does
Brasa Capital Management is a Los Angeles-based real estate investment manager founded in 2018 by Eric Samek, a former AEW Capital Management executive, that targets middle-market commercial real estate investments across the Western United States and Texas. The firm invests across the capital stack (equity, preferred equity, and mezzanine debt) and across multiple asset classes, with a stated emphasis on multifamily, industrial, and distressed assets, deploying individual equity checks of $5-$40 million. Brasa operates a partnership-style local-market model, sourcing off-market transactions through relationships with local operating partners rather than relying on broad competitive bidding, and cites top decile performance per Preqin (as of 12/31/23) among 2018 vintage value-add/opportunistic North American real estate funds.
The firm manages two primary product structures: discretionary commingled funds and separate accounts. Brasa Real Estate Fund II, its second commingled value-add/opportunistic vehicle, closed at its $450 million hard cap in 2022-2023, exceeding its $300 million target with commitments from 15 institutional investors including corporate pensions, public pensions, and foundations. Since inception, the firm has raised over $1 billion in cumulative capital on behalf of 15+ institutional investors, supplemented by separate account mandates for institutional and high net-worth clients. Jeff Furber, former Global CEO and Chairman of AEW, serves as Chairman, providing institutional credibility and LP relationship continuity.
Brasa monetizes through management fees on committed and deployed capital under management and performance/carried interest on fund profits. Distribution is direct and enterprise-oriented: the firm engages institutional LPs through a dedicated investor relations function, supported by Juniper Square and SEI investor portal infrastructure, while separate accounts serve high net-worth investors seeking institutional-quality real estate exposure. With a 1-10 person core team (per firmographics) supplemented by an extended leadership group including Managing Directors, SVPs, and AVPs sourced from firms such as AEW, Carlyle, PCCP, Pearlmark, Goldman Sachs, and Norges Bank, Brasa operates as a lean, network-driven investment manager focused on geographic specialization and capital-stack flexibility rather than scale or technology differentiation.
Brasa Capital Management firmographics
Firmographics- Name
- Brasa Capital Management
- Legal name
- Brasa Capital Management
- Website
- https://brasacap.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Brasa Capital Management is a Los Angeles-based real estate investment manager that invests across the capital stack in middle-market multifamily, industrial, and distressed assets across the Western US and Texas for institutional LPs and high net-worth investors through commingled funds and separate accounts.
- Ownership category
- akta.pro rank
Brasa Capital Management industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industry
- Middle-Market Lending (FSANADAI)
Keywords
Where Brasa Capital Management is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Brasa Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Fund Management Fees: Brasa Capital generates revenue through management fees and performance/carried interest fees from managing discretionary commingled funds (such as Brasa Real Estate Fund II) and separate accounts on behalf of institutional investors.
- Separate Account Management: Revenue generated from managing separate accounts for institutional and high net-worth investors, typically through a combination of management fees and performance fees.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Brasa Capital Management product offering
Product offeringCore offering
Brasa Capital Management is a private real estate investment manager that deploys institutional capital into middle-market commercial real estate in the Western US and Texas. The firm manages discretionary commingled funds—most notably Brasa Real Estate Fund II ($450 million closed at hard cap)—and customized separate accounts, investing across multifamily, industrial, and distressed assets in equity, preferred equity, and mezzanine debt positions with equity checks of $5–$40 million per transaction.
Product overview
Brasa Capital Management operates as a real estate investment manager offering a unified platform of investment products. The firm manages discretionary commingled funds and separate accounts for institutional and high net-worth investors, targeting middle-market commercial real estate across the Western US and Texas. The core product portfolio includes Brasa Real Estate Fund II (a $450M value-add/opportunistic fund), structured as commingled fund vehicles and separate account mandates. Investments span across the capital stack including equity, preferred equity, and mezzanine debt positions, with a focus on three primary asset classes: multifamily, industrial, and distressed assets. The firm targets equity checks of $5-$40 million per transaction.
Differentiator
Problem solved
Functional benefit
Products and services
- Brasa Real Estate Fund II Value-add and opportunistic commingled real estate fund investing in middle-market commercial real estate in the Western US and Texas; closed at a $450 million hard cap with commitments from 15 corporate pensions, public pensions, and foundations. Targets multifamily, industrial, and distressed assets across the capital stack.
- Discretionary Commingled Funds Institutionally managed commingled fund vehicles investing in diversified middle-market real estate assets across the capital stack on behalf of institutional investors.
- Separate Accounts Customized separate account management for institutional and high net-worth investors, with flexibility to invest across equity, preferred equity, and mezzanine debt.
Quantifiable outcome
- Top decile performance based on IRR per Preqin data as of 12/31/23 for all 2018 value-add/opportunistic, North American real estate funds
Companies that use Brasa Capital Management
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Brasa Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Brasa Capital Management partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- AEW Capital Management Alumni NetworkcoreFounder Eric Samek spent over a decade at AEW Capital Management running the Western US for their opportunistic funds. Team members Matt Milich and others also came from AEW, maintaining professional relationships that support deal sourcing and industry knowledge.
- Local Operating PartnerscoreBrasa Capital works with local operating partners in the Western US and Texas for deal sourcing, market intelligence, and asset management of real estate investments.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Brasa Capital Management competitors and assessment
Company assessmentDirect peers
- AEW Capital Management: AEW is the direct predecessor and most comparable peer: Brasa's founder, chairman, and senior team all came from AEW's Western US opportunistic real estate platform. AEW runs larger, multi-strategy commingled funds and separate accounts in the same asset classes and geographies.
- PCCP, LLC: PCCP is a middle-market real estate private equity firm with similar geographic overlap in the Western US and a comparable value-add strategy. Brasa's SVP Jess Himmel previously led closing of over $2.5B in transactions at PCCP, signaling direct operational comparability.
- CIM Group: CIM Group is a Los Angeles-based vertically integrated real estate investment manager focused on middle-market urban real estate. Brasa's SVP Dave Woodbury previously sourced and executed real estate investments at CIM, and both firms target value-add strategies in similar geographies.
- Pearlmark Real Estate: Pearlmark is a middle-market commercial real estate investment manager focused on equity, preferred equity, and mezzanine debt — the same capital stack flexibility Brasa emphasizes. Brasa MD Matt Milich previously served as Lead Acquisitions Officer for West Coast efforts at Pearlmark.
- Cypress Equity Investments: Cypress Equity is a middle-market multifamily and commercial real estate investment manager operating primarily in the Western US. Brasa associate Sam Javit previously worked on acquisitions at Cypress, and the firms share a similar deal size and geographic focus.
- Waterton: Waterton is a privately-held real estate investment manager managing $10B+ in multifamily and hospitality assets nationally. Brasa associate Jordan Schore previously underwrote investments for Waterton's $10B+ portfolio, indicating similar operational scope and underwriting approach.
- Arc Capital Partners: Arc Capital Partners is a middle-market real estate investment manager focused on value-add acquisitions in the Western US. Brasa associate Jordan Schore previously underwrote acquisitions at Arc Capital, demonstrating direct operational overlap and similar deal sourcing approaches.
Broad incumbents
- Kennedy Wilson: Kennedy Wilson is a publicly-traded global real estate investment and services company with substantial multifamily, industrial, and opportunistic strategies in the Western US. As a larger incumbent, it offers a useful comparison point for how Brasa's middle-market strategy might scale.
- The Carlyle Group (Real Estate): Carlyle's real estate platform invests in middle-market multifamily and industrial across the West Coast — the same sectors Brasa pursues. Brasa's Sam Javit previously closed over $750MM of multifamily and industrial transactions at Carlyle, providing direct evidence of comparable underwriting capabilities.
Others
- Eastdil Secured: Eastdil Secured is a leading real estate investment banking platform. While not a direct peer, Brasa's analyst Marina Nascimento was a Summer Analyst there, and Eastdil represents the deal-making ecosystem that connects middle-market sponsors like Brasa with sellers and financing sources.
Market position
Strengths2 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Brasa Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brasa Capital Management leadership team
Management profileNumber of profiles
Profiles12 records
Brasa Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brasa Capital Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brasa Capital Management
What does Brasa Capital Management do?
Brasa Capital Management is a private real estate investment manager that deploys institutional capital into middle-market commercial real estate in the Western US and Texas. The firm manages discretionary commingled funds—most notably Brasa Real Estate Fund II ($450 million closed at hard cap)—and customized separate accounts, investing across multifamily, industrial, and distressed assets in equity, preferred equity, and mezzanine debt positions with equity checks of $5–$40 million per transaction.
Is Brasa Capital Management a public or private company?
Brasa Capital Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Brasa Capital Management founded?
Brasa Capital Management was founded in 2018. It employs 1 to 10 people.
Where is Brasa Capital Management based?
Brasa Capital Management is headquartered in Los Angeles, United States, in the North America region.
How does Brasa Capital Management make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are separate Account Management.
Who are Brasa Capital Management's main competitors?
Direct peers on record are AEW Capital Management, PCCP, LLC, CIM Group, Pearlmark Real Estate, Cypress Equity Investments, Waterton and Arc Capital Partners. Broad incumbents are Kennedy Wilson and The Carlyle Group (Real Estate). Eastdil Secured is listed as an others.
Does Brasa Capital Management have an API?
No public API is recorded for Brasa Capital Management.
What industry is Brasa Capital Management in?
Brasa Capital Management's product category is Real Estate Investment Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of FSANADAI, Middle-Market Lending. Its NAICS code is 523940 and its SIC code is 6799.