The Carlyle Group is expected to hold a single close next month for its ninth US real estate fund, according to an investor’s meeting document.
The Connecticut Retirement Plans and Trust Funds (CRPTF) said in the meeting document that it is considering issuing a $200m (€165m) commitment to Carlyle Realty Partners IX, a fund planning to raise $6bn.
Carlyle declined a request for comment.
CRPTF said it is also planning to make a $100m commitment to Covenant Apartment Fund X, Covenant Capital’s tenth US apartment fund planning a $400m fundraise with a $550m hard cap.
According to CRPTF’s meeting document, Covenant Capital has so far raised $461m for the fund which is expected to be oversubscribed. Fund X is expected to close at the end of next month.
Covenant has so far made 10 acquisitions on behalf of the fund. The deals include the $82.5m acquisition of the 640-unit Swan Lake property in Tampa.
Covenant Capital did not respond to a request for comment.
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