The Florida State Board Administration (Florida SBA) has committed $150 million to Carlyle Realty Partners X, $150 million to Starwood Distressed Opportunity fund XIII Global and $100 million to AEW Partners Real Estate fund X, it announced in its second-quarter new managers report.
Carlyle Realty Partners X is a closed-end fund managed by The Carlyle Group that is seeking to raise $8 billion to invest in demographic- and technology-driven sector assets like those in residential, self-storage and industrial sectors.
It will primarily invest in the United States and Canada, though it can invest up to 5 percent of its capital outside of the two countries.
Starwood Distressed Opportunity fund XIII Global is a closed-end fund that is seeking to raise $10 billion to invest in a diverse range of real estate sectors, 30 to 50 percent of which will be distressed opportunities.
AEW Partners Real Estate fund X is managed by AEW Capital Management and is targeting t
