South Carolina Retirement System has disclosed that it is an investor in Carlyle’s tenth US opportunistic real estate fund, which closed last month after raising $9bn in capital commitments.
South Carolina Retirement disclosed in a meeting document that it made a $100m (€84.3m) commitment to Carlyle Realty Partners X (CRP X).
CRP X will focus on sectors driven by demographic and technological trends and favourable supply-demand dynamics, such as residential, self-storage and industrial, and will avoid office, hotel and retail properties, in line with the previous funds in the series.
As of the end of June 2025, South Carolina Retirement’s real estate portfolio was valued at $3.8bn, or 7.6% of its $50.3bn in total assets, leaving it with room for additional commitments to reach its 9% target allocation.
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