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Michigan Office of Retirement Services backs Carlyle, Heitman, Clarion, Transwestern funds
Investors - DECEMBER 8, 2021

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Michigan Office of Retirement Services backs Carlyle, Heitman, Clarion, Transwestern funds

by Kali Persall

The Michigan Office of Retirement Services has announced four new commitments to major real estate funds in recent months.

The pension fund put $100 million each in Carlyle Realty Partners IX, Heitman Global Real Estate Partners II and Clarion Lion Industrial Trust; and $75 million in Transwestern Strategic Partners Fund III.

Carlyle Realty Partners IX is a closed-end North American multi-strategy real estate fund, managed by Carlyle Investment Management. With a fundraising target of $6 billion, Carlyle Realty Partners IX will focus on multifamily, single-family rental, active-adult/age-restricted housing, life sciences office and industrial assets ranging from $10 million to $40 million.

In addition, Heitman Global Real Estate Partners II is a close-end global core, multi-strategy real estate fund managed by Heitman Global Real Estate Partners. The fund

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