Fundraising

Carlyle raises $1.2bn

The US asset manager’s second RE secondaries vehicle is more than double the size of its predecessor.

-

The Carlyle Group has closed its second real estate secondaries fund, Secondaries Program II, at $1.2 billion. Launched in 2017, with a target of $750 million, Program II invests opportunistically across the globe.

Secondaries Program II focuses on investors looking to exit single vehicles, pooled funds, co-investments and core assets in the US, Western Europe and Asia.

Secondaries Program II is more than double the size of its previous predecessor, Metropolitan Real Estate Partners Secondaries & Co-Investments Program which raised $550 million against a $450 million target.