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Private‑market update: Carlyle speeding calls; TPG closing expected in coming weeks
Summary
Marquette Associates told the St. Mary's County retirement-plan board that Carlyle has accelerated capital calls and that TPG documentation should allow closing by early August; private equity and real estate vintages are winding down but private credit is producing steady returns.
During the June 26 meeting, Marquette Associates updated trustees on private‑market developments for the St. Mary's County Sheriff's Office Retirement Plan. The consultant said Carlyle's vehicle for the plan was about one‑third funded and had called roughly $1 million of a $3 million commitment. Marquette reported that Carlyle indicated it expects to call about 50% of the remaining outstanding commitment in a follow‑up…
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