– Carlyle announced the final close of Carlyle Realty Partners X (CRP X) with $9 billion in total commitments
– CRP X follows Carlyle Realty Partners IX (CRP IX), which raised $8 billion in 2021
– The fund reflects strong ongoing support for Carlyle’s U.S. Real Estate strategy and investment team
– CRP X focuses on sectors driven by demographic and technological trends, including residential, self-storage, and industrial
– The fund will have no exposure to office, hotel, or retail sectors, continuing the team’s strategic avoidance of these areas
– Robert G. Stuckey, Head of Carlyle’s U.S. Real Estate team since 1998, noted the raise occurred amid one of the most difficult fundraising environments for real estate
– The capital raise highlights investor confidence in Carlyle’s disciplined investment strategy and ability to navigate complex market cycles
– Carlyle U.S. Real Estate comprises over 140 professionals, with a senior team averaging 20 years of tenure
– CRP X is positioned to benefit from leadership continuity, deep investment experience, and presence in key target markets
