The Wyoming State Loan and Investment Board has approved an allocation Carlyle Property Investors.
While the board did not approve a specific commitment amount, meeting materials showed the potential commitment would range between $250 million and $300 million.
Carlyle Property Investors is an open-end fund with a core-plus strategy. The vehicle will be focused on the United States, with a geographic distribution that will target 30 percent of the fund’s capital to be deployed in the East, 20 percent in the South, 20 percent in the Midwest and 30 percent in the West.