Pension fund investments in Carlyle draw fresh scrutiny

Ties between the Carlyle Group and the pension funds operated by both New York City and New York State are being scrutinized once more amid the fever pitch of opposition to institutional players in the real estate market. In recent years, pension funds from the two governments invested $578 million in Carlyle Group funds, New York Focus reported. A vast majority of that came in August 2024, when New York’s Common Retirement Fund invested $400 million in Carlyle Realty Partners X; only California’s state pension fund contributed more to that particular vehicle. The same year, three of New York City’s […] This article originally appeared on The Real Deal. Click here to read the full story.