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Pennsylvania’s PSERS commits $300m to Carlyle Realty Partners X
Investors - JUNE 4, 2024

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Pennsylvania’s PSERS commits $300m to Carlyle Realty Partners X

by Lewis Dayton

The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $300 million to Carlyle Realty Partners X (CRP X).

Carlyle Realty Partners X is managed by The Carlyle Group and is seeking to raise $8 billion of capital to invest in demographic- and technology-driven sector assets such as residential, self-storage and industrial, primarily in the United States and Canada. It may invest up to 5 percent of its capital outside of the two countries.

PSERS has invested in many past instances of Carlyle’s Realty Partners fund series, including a $200 million commitment to CRP IX in 2021 and a $200 million commitment to CRP VIII in 2017.

As of June 30, 2023, PSERS had $22.4 billion committed toward real estate investments.

For more information about this commitment or other funds, please visit our IREI.Q database.

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