The Carlyle Group has closed its newest US real estate fund, Carlyle Realty Partners VIII. The company raised $5.5bn, exceeding its target of $5bn. The fund is the largest in Carlyle’s US real estate fund series, which will focus on opportunistic investments in targeted sectors across the US. Carlyle will invest in residential and commercial real estate in opportunistic investments. The seven prior US funds were used to purchase multi-family residential, for-sale residential, senior living, student housing, manufactured housing, self-storage, office, hotel, industrial, retail and data centers.
“Raising Carlyle’s eighth and largest US real estate fund is a testament to the market opportunity, our proven team and record of success. We appreciate the support of our returning and new investors and will work hard to create value for them,” said Robert Stuckey, managing director and head of Carlyle US Realty.
