Carlyle has held a final close for its 10th U.S. opportunistic real estate fund, Carlyle Realty Partners X (CRP X), with $9 billion of total commitments. The fund follows Carlyle Realty Partners IX (CRP IX), for which the firm raised $8 billion in 2021.
CRP X continues to focus on sectors underpinned by secular demographic and technological tailwinds and attractive supply-demand dynamics, including residential, self-storage and industrial. CRP X is expected to have no exposure to office, hotel or retail, sectors which the team has strategically avoided in prior recent vintages.
“Amid one of the most difficult fundraising environments for real estate in recent memory, we’re grateful for the trust our limited partners have placed in us,” said Rob Stuckey, head of Carlyle’s U.S. real estate team since 1998. “This capital raise reflects both the strength of our team and the proven performance of our strategy, particularly through complex market cycles. Our abilit
