Carlyle Group raises $2.3 billion for new real estate fund
- January 5, 2012
The Carlyle Group, a global alternative asset manager based in Washington, D.C., said Thursday that it has raised $2.34 billion for its sixth U.S. real estate fund, Carlyle Realty Partners (CRP) VI.
A team of 82 professionals plans opportunistic investments in the residential, hotel, senior living, retail and office sectors in major markets. Robert G. Stuckey, managing director and head of Carlyle’s U.S. Real Estate team, said in a statement, “Strong investor demand, which enabled us to exceed our target, is commensurate with the opportunity we see for attractive property investments in select U.S. markets.”
The company said that about 20 percent of the funds already have been deployed in 30 investments in New York City, Washington, D.C, Northern California and Seattle. CRP VI was advised by Simpson Thacher & Bartlett LLP.