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| Carlyle raises $3.4 billion for third European real estate fund US based Carlyle Group announces that it has closed its third European real estate fund, Carlyle Europe Real Estate Partners III (CEREP III), at $3.4 billion. The fund was raised against an initial target of $2.3 billion, underlining ongoing, strong demand for pan-European real estate investment vehicles, and has already committed $1.1 billion to 10 assets. With leverage, the pan-European team of 46 people will have maximum funds of approximately $13.9 billion to invest. Carlyle said the fund will be Europe’s largest private equity fund dedicated to real estate investment. write your comments about the article :: © 2008 Construction News :: home page |