Carlyle Group holds $4.2b final close

The Carlyle Group has held a final close of $4.2 billion in equity commitments for Carlyle Realty Partners VII. The opportunistic fund has reached its hard cap, according to a statement.

The firm’s seventh U.S. real estate fund focuses on opportunistic investments across all major real estate sectors and major metropolitan areas within the United States.

Commitments to the fund have come from a wide range of investors, including the $44 billion Tennessee Consolidated Retirement System, the $133 billion Teacher Retirement System of Texas, the $16.9 billion