The Carlyle Group is planning to raise $6bn for its ninth US real estate fund, according to an investor.
The Pennsylvania Public School Employees’ Retirement System (PSERS) said in a meeting document that it has approved a $200m commitment to the Carlyle Realty Partners IX fund.
Hamilton Lane, the pension fund’s investment consultant, said Carlyle plans to have a first close for the fund in June of this year and a final close 18 months thereafter.
Carlyle’s eighth US real estate fund raised $5.5bn in September 2018.
The latest fund will invest in multifamily, single-family rental, active adult/age-restricted housing, life science office and industrial assets ranging from $10m to $40m.
Carlyle did not respond to a request for comment.
Source: Real Assets
Can’t stop reading? Read more
Spain breaks its record for PE deal count in 2022
Last year, Spain's private equity industry saw a record number of deals completed, despite the...
Event software firm Cvent Holding explores sale at 4bn valuation
Cvent Holding is exploring a sale that could value the cloud-based event-software provider at...
Focus Financial receives $4.1bn take-private offer from buyout firm CD&R
Focus Financial Partners has received a proposal from buyout firm Clayton, Dubilier and Rice...