Private-equity firm Carlyle Group is preparing to launch a U.S. real estate fund and hopes to raise as much as $4 billion, The Wall Street Journal reported, citing unnamed sources familiar with the matter.
If successful, the fund would be one of the largest new property funds any firm has raised since the financial crisis, the Journal said.
Rivals Blackstone Group, TPG Capital Management, and KKR already have funds to tap into the real estate market. Blackstone has more than $54 billion of property assets under management.
(Read More: Calpers Plans to Sell Entire 4 Percent Stake in Carlyle)