Carlyle Group

Carlyle Realty Partners IX

Carlyle GroupVINTAGE 2021

NET IRR

3.5%

TVPI

1.05x

DPI

0.08x

COMMITMENT

$300M

LP SOURCES

3

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$300M$213.6M3.5%1.05x0.08xSOURCE ↗
PA PSERS2025-09-30$200M$128.8M3.5%1.05xSOURCE ↗
Illinois TRS2025-06-30SOURCE ↗