Carlyle has raised $8 billion for its ninth U.S. real estate opportunity fund, Carlyle Realty Partners IX (CRP IX), exceeding its initial target of $6 billion.
CRP IX will focus on opportunistic real estate in the United States.
“Significant investor demand is a testament to the caliber of our team and the opportunity we see for compelling property investments across select markets,” said Robert Stuckey, managing director and head of Carlyle’s U.S. Real Estate team. “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.”
The previous fund in the series, Carlyle Realty Partners VIII (CRP VIII), raised $5.5 billion in 2018.
As of Sept. 30, Carlyle had $293 billion of assets under management.