State of Illinois allocates $200m to real estate fund
The $47.3 billion Teachers’ Retirement System of the State of Illinois has committed $200 million to Carlyle Realty Partners VIII, according to Dave Urbanek, director of communications.
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 U.S. office, residential, senior housing, hotel and retail properties.
The fund has also received a $50 million commitment from the $12.7 billion School Employees Retirement System of Ohio.
The fund’s predecessor, Carlyle Realty Partners VII, held a $4.2 billion final close in S