Houston Municipal Employees Pension System committed $20 million to Carlyle Realty Partners X.
The $4.2 billion pension fund’s board approved the commitment to the opportunistic real estate fund managed by Carlyle Group at its June 20 meeting, according to recently obtained meeting minutes.
As of June 30, 2023, the most recent data available, the pension fund’s actual allocation to real estate was 9.9%; the target is 12.5%.
Alternatives investment consultant Cliffwater assisted.
