Carlyle seeks to raise at least $500m for China fund

The Carlyle Group is currently fundraising for a China-focused real estate fund, according to the firm’s co-CEO, David Rubenstein.

During the firm’s first quarter earnings call, Carlyle’s other co-CEO, Bill Conway, said the fund will seek to raise at least $500 million and will invest in logistics properties as well as “consumer-related businesses.”

Rubenstein added Carlyle is already a significant investor in Chinese real estate via separate accounts. He stated, “We’ve got a team that has been there for quite some time … and we expect to be a significant investor in Chinese real estate for quite some time.”

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