Investors - MAY 15, 2017

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Texas County commits $100m to Carlyle fund

by Jody Barhanovich

The $26 billion Texas County & District Retirement System has committed $100 million to Carlyle Realty Partners VIII, managed by The Carlyle Group.

Carlyle Realty Partners VIII is an opportunistic real estate fund. 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 series focuses on acquisitions, value enhancements and dispositions of U.S. office, residential, senior housing, hotel and retail properties.

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.

Through the first six funds in the series, Carlyle Realty Partners completed more than 500 real estate investments across 11 sectors and 30 markets in the United States. This included approximately 41 million square feet of office, industrial, data center and retail proper

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