Global alternative asset manager The Carlyle Group has held a final close for its eighth U.S. real estate fund, Carlyle Realty Partners VIII. Carlyle raised $5.5 billion, exceeding its target of $5 billion, as well as hitting its hard cap. This is the latest and largest in Carlyle’s U.S. real estate fund series, which will focus on opportunistic investments in targeted sectors across the United States.
Carlyle Realty Partners VIII invests exclusively in the United States, seeking opportunistic investments in residential and commercial real estate. Carlyle’s seven prior U.S. real estate funds have invested in a range of sectors, including multifamily residential, for-sale residential, senior living, student housing, manufactured housing, self-storage, office, hotel, industrial, retail and data centers in more than 30 geographies across the United States.
Carlyle co-CEO Glenn Youngkin said, “Carlyle’s U.S. Realty team has delivered for our investors for 20 years.
