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Carlyle raises US$4.2b for US real estate fund

Its previous real estate fund had a net internal rate of return of 24% as of June 30

Seattle

CARLYLE Group raised US$4.2 billion for its seventh US real estate fund, meeting the top end of its target range, in preparation for more property purchases at a time when prices are at record levels.

The firm will expand investments in apartment buildings, along with its...

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