Form D · Other Investment Fund

Carlyle Property Investors-B, L.P.

Washington, DC · CIK 0001652704

Offering snapshot reported Nov 7, 2025 · SEC filing

Reported sold
$980M
Indefinite offering
Investors reported
58
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jul 11, 2016
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$490M$980MSep 10, 2015Apr 26, 2017: $104,558,000.00Oct 5, 2017: $105,558,000.00Oct 5, 2018: $110,558,000.00Oct 2, 2019: $129,533,000.00Oct 2, 2020: $288,833,000.00Oct 13, 2021: $784,083,000.00Oct 13, 2022: $942,472,000.00Oct 13, 2023: $948,400,400.00Oct 15, 2024: $948,400,400.00Nov 7, 2025: $979,700,400.00Nov 7, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$948,400,400 → $979,700,400
  • Reported investors54 → 58

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Nov 7, 2025Amendment$979,700,400$31,300,000vs Oct 15, 202458SEC filing
Oct 15, 2024Amendment$948,400,400$0vs Oct 13, 202354SEC filing
Oct 13, 2023Amendment$948,400,400$5,928,400vs Oct 13, 202254SEC filing
Oct 13, 2022Amendment$942,472,000$158,389,000vs Oct 13, 202154SEC filing
Oct 13, 2021Amendment$784,083,000$495,250,000vs Oct 2, 202046SEC filing
Oct 2, 2020Amendment$288,833,000$159,300,000vs Oct 2, 201931SEC filing
Oct 2, 2019Amendment$129,533,000$18,975,000vs Oct 5, 201824SEC filing
Oct 5, 2018Amendment$110,558,000$5,000,000vs Oct 5, 201717SEC filing
Oct 5, 2017Amendment$105,558,000$1,000,000vs Apr 26, 201717SEC filing
Apr 26, 2017Amendment$104,558,000No comparison16SEC filing
May 5, 2016AmendmentYet to sellNo comparison0SEC filing
Sep 10, 2015InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-247377
Total Amount Sold includes Reg. S sales.
Employees of affiliate of GP ("Carlyle") involved in the placement of Fund interests received compensation in part based on the amount of capital raised for the Fund; such compensation is borne by Carlyle and not by the Fund's investors.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
TCG Capital Markets L.L.C.291767TCG Capital Markets L.L.C. · CRD 291767

Source: Form D, filed Nov 7, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

CARLYLE PROPERTY INVESTORS-B, L.P.

Investment adviser: CARLYLE INVESTMENT MANAGEMENT L.L.C.

Gross asset value
$470M
Beneficial owners
47
ADV minimum commitment
$10M

Reported in Form ADV on Jul 7, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI, INC. OAKS, Pennsylvania, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LTD. GEORGE TOWN, Cayman Islands Other funds reporting this name →
Custodian BANK OF AMERICA, NA NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian STATE STREET BANK AND TRUST COMPANY ATLANTA, Georgia, United States Related to adviser: No Other funds reporting this name →
Marketer TCG CAPITAL MARKETS L.L.C. NEW YORK, New York, United States Related to adviser: Yes Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG LTD.
PCAOB 1655

TCG CAPITAL MARKETS L.L.C.
CRD 291767 · SEC 8-70061

Fund asset history · 5 annual observations Gross asset value by annual ADV filing$0$397M$795MFY 2021: $228,798,000.00FY 2021FY 2022: $667,974,546.00FY 2022FY 2023: $794,825,172.00FY 2023FY 2024: $791,027,613.00FY 2024FY 2025: $470,389,939.00FY 2025

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Fiscal yearGross assetsBeneficial ownersADV filed
2021$228,798,00050Mar 31, 2022
2022$667,974,54662Mar 30, 2023
2023$794,825,17256Mar 27, 2024
2024$791,027,61356Mar 31, 2025
2025$470,389,93947Mar 31, 2026
Filing source

Form ADV 2115592 · Jul 7, 2026 · Schedule D 7.B.(1), fund 805-7327971636

Reported by CARLYLE INVESTMENT MANAGEMENT L.L.C. (CRD 111128).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
N/A Carlyle Property Investors Gp, L.L.C. Promoter
William E. Conway, Jr. Executive
Daniel A. D'aniello Executive
Christopher Finn Executive
Kevin Gasque Executive
Anat Holtzman Executive
Norma Kuntz Executive
Christopher S. Lippman Director
Sanket Patel Executive
David M. Rubenstein Executive
Robert G. Stuckey Director
N/A Tc Group Sub L.P. Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
1001 Pennsylvania Avenue, Nw Suite 220 South
Washington, DC, 20004
Phone: 202-729-5626