Carlyle Group has hit a hard cap of $4.2bn (£2.7bn) for its latest US real estate fund.
The Carlyle Realty Partners VII fund is its seventh US real estate fund and will focus on opportunistic investments across the major metropolitan areas of the US.
Carlyle began raising for the fund in March 2014 with an initial target of $4.1bn.
The previous funds have all previously invested in both residential and commercial real estate. In commercial real estate the funds have primarily invested in office, industrial, data warehouse and retail assets.
Carlyle is also currently raising capital for its latest Global fund, which will be the first to invest in the European real estate markets since 2007. The fund has a target of $4bn.
