The Carlyle Group, a global alternative asset manager, is nearing $1 billion in fundraising for its real estate fund, Carlyle Property Investors. The fund has raised just under $962 million in equity commitments, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Carlyle Property Investors is an open-ended real estate fund that invests in core-plus multifamily and senior housing properties throughout the United States.
The fund has received equity commitments from multiple investors, including $60 million from Kentucky Teachers’ Retirement System and the retirement system’s medical insurance plan.
In an earnings call during first quarter 2017, co-chief executive David Rubenstein said the firm sees substantial growth for the core-plus real estate business.
The firm is also currently fundraising for Carlyle
