The $2.6 billion Seattle City Employees’ Retirement System has committed $15 million to Carlyle Realty Partners VIII, according to Jason Malinowski, chief investment officer of the pension fund.
Carlyle Realty Partners VIII is an opportunistic real estate fund managed by The Carlyle Group. The fund opened in October 2016 with a $5 billion equity fundraising target, the largest target for Carlyle’s U.S. real estate fund series. The fund has raised $2.76 billion so far. The fund series focuses on acquisitions, value enhancements and dispositions of office, residential, senior housing, hotel and retail properties throughout North America.
The fund’s predecessor, Carlyle Realty Partners VII, held a $4.2 billion final close in September 2015, while Carlyle Realty Partners VI closed in December 2011 after raising $2.3 billion.
The Carlyle Group has made a few real estate transactions duri
