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Investors - MARCH 15, 2021

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Pennsylvania PSERS backs Carlyle Realty Partners IX

by Kali Persall

The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed up to $200 million to Carlyle Realty Partners IX, an opportunistic fund managed by The Carlyle Group.

The fund opened to investors in January and has a fundraising target of $6 billion, IREI understands.

Carlyle Realty Partners IX invests exclusively in residential and commercial real estate in the United States. The fund will focus on multifamily, single-family rental, active adult/age-restricted housing, life science office and industrial assets ranging from $10 million to $40 million.

According to a recent investment document from PSERS, the commitment was approved on March 5.

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