Carlyle raises $8bn for ninth US opportunistic real estate fund

Carlyle raises $8bn for ninth US opportunistic real estate fund

Global investment firm Carlyle has raised $8 billion for its ninth U.S. real estate opportunity fund, Carlyle Realty Partners IX (CRP IX), exceeding its $6 billion initial target.

CRP IX will seek to continue Carlyle Realty’s established investment strategy focused on opportunistic U.S. real estate.

Carlyle Realty Partners VIII (CRP VIII), its predecessor, raised $5.5 billion in commitments in 2018. 

Robert Stuckey, Managing Director and head of Carlyle’s U.S. Real Estate team, said, “We are sincerely appreciative of the confidence and support of our limited partners and the strength and pace of investor commitments. Significant investor demand is a testament to the caliber of our team and the opportunity we see for compelling property investments across select markets. With the successful closing of CRP IX, we are well positioned to continue to execute on our strategy of investing behind demographic-related themes, avoiding exposure to cyclical risk, and identifying deep and growing pools of demand.”

Carlyle said the Carlyle Realty Partners team is actively investing in sectors where supply and demand dynamics are viewed favorably; including residential, industrial, life science, and self-storage, among others.