Carlyle Raises Money for Another Real Estate Fund
Carlyle Group, a District-based private equity firm, announced today that it has finished raising $3 billion from investors for its fifth U.S. Real Estate Fund, which invests in all types of real estate in major markets throughout the U.S. The company's other four real estate funds hold assets worth about $15 billion.
Robert G. Stuckey, head of Carlyle's real estate unit, said in a statement the company was pleased to have capital available in an otherwise turbulent market environment.
"We are hoping to make investments in instances where the capital markets are under-pricing the fundamental value of the properties that we are trying to buy," he said.
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