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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

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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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

 

RCA CPPI

 

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CMBS 2.0 Spreads

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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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