Texas Permanent School Fund Corporation has approved a $150m (€137m) commitment to the Carlyle Property Investors, an open-ended US real estate fund managed by Carlyle.
Last year, IPE Real Assets disclosed that the Carlyle fund which targets student/senior housing, life science, medical office and self-storage assets, had a net asset value of $10.5bn.
Carlyle declined a request for comment.
Texas Permanent also said it has approved a $50m commitment to the KKR’s second Asia Real Estate Partners fund.
KKR raised $1.7bn for its initial Asia Real Estate Partners fund which closed in January 2021. At the time, the manager said the fund focused on opportunistic real estate investments in Asia Pacific.
KKR’s Asia Pacific real estate platform takes a flexible investment approach across assets and platforms, utilising equity and debt in both emerging and developed markets.
Fundraising details for KKR Asia Real Estate Partners II are currently unknown.
KKR declined a request for comment.
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