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Carlyle raises $2.34 bln for U.S. property fund

Posted on 06 January 2012

Carlyle Group said it has raised $2.34 billion for its sixth U.S. real-estate fund, which, like its predecessors, will make opportunistic investments in major cities across North America.
The fund, Carlyle Realty Partners VI, is one of the largest since the property bubble burst in 2008. But it has had to cut fees and offer other unusual incentives to lure investors to the fund, which was initially targeted to raise $2 billion, and then increased……………………………………….Full Article: Source


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