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Wednesday, 12 September 2018

Carlyle Raises $5.5Bln for Latest Real Estate Fund

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Carlyle Group has raised $5.5 billion for its latest real estate investment fund, Carlyle Realty Partners VIII, exceeding the Washington, D.C., investment manager's target of $5 billion and reaching its hard cap.

The fund, which began raising capital last year, will pursue opportunistic investments in a variety of property types, including office, retail, industrial, hotel, multifamily, seniors-housing and student-housing. It will acquire, develop and redevelop properties that need renovations, repositioning or leasing. It will have a 10-year life, but could be extended for an additional year.

It's Carlyle's largest real estate fund, surpassing the $4.2 billion raised for Fund VII, which closed in 2015.

Investors in the latest fund include the Pennsylvania Public School Employees' Retirement System, which committed $200 million; the Florida State Board of Administration, which committed $100 million, and the Texas County & District Retirement System, which committed $100 million.

Carlyle, which has $17 billion of real estate under management, has invested $14.6 billion in 747 transactions since raising its first fund in 1997.

Comments? E-mail Tim Casey or call him at (267) 397-3347.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Institutional Investment (INS), Opportunity Funds (OPPY)
  • Company: Carlyle Realty
  • Private: No
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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