$453 Billion Private Equity Firm Carlyle Group Raised $9 Billion for 10th United States Opportunistic Real Estate Fund (Carlyle Realty Partners X), Raised $8 Billion for 9th Fund (Carlyle Realty Partners IX) in 2021, Invests in Sectors Including Residential, Self-Storage & Industrial and Expects Zero Exposure to Office, Hotel & Retail Sectors
5th August | Hong Kong
Leading private equity firm Carlyle Group ($453 billion AUM) has raised $9 billion for the 10th United States opportunistic real estate fund (Carlyle Realty Partners X), having raised $8 billion for the 9th fund (Carlyle Realty Partners IX) in 2021. Carlyle Realty Partners X invests in sectors including residential, self-storage & industrial and expects zero exposure to office, hotel & retail sectors. Announcement (4/8/25): “Global investment firm Carlyle (NASDAQ: CG) today announced the final close of its tenth U.S. opportunistic real estate fund, Carlyle Realty Partners X (CRP X), with $9 billion of total commitments. The fund follows Carlyle Realty Partners IX (CRP IX), for which the firm raised $8 billion in 2021. This result reflects continued support for Carlyle’s longstanding U.S. Real Estate strategy and experienced investment team. CRP X continues to focus on sectors underpinned by secular demographic and technological tailwinds and attractive supply-demand dynamics, including residential, self-storage, and industrial. CRP X is expected to have no exposure to office, hotel, or retail, sectors which the team has strategically avoided in prior recent vintages. Carlyle U.S. Real Estate is comprised of over 140 professionals, including a senior team with an average tenure of 20 years. CRP X is poised to benefit from the continuity of senior leadership, depth and experience of its investment professionals, and the team’s presence in key target markets.” In 2025 June, Carlyle Group formed a partnership to launch open-ended private equity secondaries for wealth management clients, with UBS Unified Global Alternatives ($295 billion invested assets) & Carlyle AlpInvest to provide institutional quality private equity secondary market opportunities to clients. In 2025 January, Carlyle Group hired Citi Private Bank Brad McCarthy as Head of Asia Pacific for Carlyle Global Wealth. Brad McCarthy has around 30 years of financial services, private banking & asset management industry experience including at Citibank, ABN AMRO & Permal (EnTrust Global). Brad McCarthy joins from Citi Private Bank & Global Wealth, where he was Citi Global Wealth Asia Pacific Head of Alternative Investment Sales. In 2024 September, Carlyle Group hired senior corporate executive & ex-KPMG management consultant Anuj Poddar as Co-Head of Global Portfolio Solutions for Asia, joining from Bajaj Electricals after 8 years including as CEO. In 2024 August, Carlyle Group extended the closing timeline of the 6th regional Pan-Asian buyout fund. The target fund size was originally $8.5 billion, and current commitments is around $3 billion. In 2024 June, Carlyle Group launched a new evergreen private equity fund for investors Worldwide ex-United States, with the new fund (Carlyle AlpInvest Private Markets SICAV) investing in AlpInvest’s secondary, co-investment fund opportunities & primary fund investments. In 2023 February, Harvey Schwartz was appointed as the new Carlyle CEO, leading the private equity group with 3 business segments in Private Equity, Global Credit & Global Investment Solutions (15/2/23). Carlyle interim CEO Bill Conway will step down and continue his role as Co-Chairman of the Board.
“ $453 Billion Private Equity Firm Carlyle Group Raised $9 Billion for 10th United States Opportunistic Real Estate Fund (Carlyle Realty Partners X), Raised $8 Billion for 9th Fund (Carlyle Realty Partners IX) in 2021, Invests in Sectors Including Residential, Self-Storage & Industrial and Expects Zero Exposure to Office, Hotel & Retail Sectors “
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Rob Stuckey, Head of Carlyle’s U.S. Real Estate Team: “Amid one of the most difficult fundraising environments for real estate in recent memory, we’re grateful for the trust our limited partners have placed in us. This capital raise reflects both the strength of our team and the proven performance of our strategy, particularly through complex market cycles. Our ability to avoid structurally challenged areas and invest with discipline in a turbulent environment reinforces the value of our distinctive approach to fund construction and has led to meaningful recommitment from existing investors as well as strong support from new relationships. This is a compelling moment to invest, as we see improving fundamentals across our target sectors coupled with an environment of relatively constrained liquidity.”
Carlyle – Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across five continents
$453 Billion Private Equity Firm Carlyle Group Raised $9 Billion for 10th United States Opportunistic Real Estate Fund (Carlyle Realty Partners X), Raised $8 Billion for 9th Fund (Carlyle Realty Partners IX) in 2021, Invests in Sectors Including Residential, Self-Storage & Industrial and Expects Zero Exposure to Office, Hotel & Retail Sectors
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