Carlyle Said to Seek $4 Billion for Firm’s Largest Property Fund
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Carlyle Group LP, the world’s second-biggest manager of alternative assets, is seeking to raise $4 billion for its seventh real estate fund, said a person with knowledge of the plans.
The new fund would be the firm’s largest ever for property investments, said the person, who asked not to be identified because the fundraising isn’t public. The Washington-based company raised $2.3 billion for its current fund following the credit crisis.