News > 2016

The Carlyle Group’s Metropolitan Real Estate Raises $550 Million for Secondaries & Co-Investments Program


New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has completed fundraising for Metropolitan Real Estate Partners Secondaries & Co-Investments Program (SCIF) at $550 million in commitments, exceeding its $450 million target. Metropolitan Real Estate, part of Carlyle’s Investment Solutions business, is a global multi-manager private equity real estate investor.

The new fund leverages Metropolitan’s foundation of 160+ primary fund investments and extensive relationships cultivated since 2002 by facilitating sourcing and executing secondaries and co-investments. The fund is supported by a global team and an investment committee with an average of more than 20 years of industry experience. To date, the team has already closed 14 transactions in the program, diversified by geography and property type.

David Sherman, Metropolitan Co-Founder and Co-CIO, said, “I am humbled by the confidence investors have placed in our proven, global team. Under the leadership of Sarah Schwarzschild and Andrew Jacobs, Metropolitan’s proactive sourcing of secondary and co-investment transactions will enable us to capitalize on current and long-term real estate investment opportunities.”

Lauren Dillard, Head of Carlyle Investment Solutions, said, “The Metropolitan team has proven its ability to unlock value through market inefficiencies and this excellent fundraise is a validation of their strategy and team.”

Metropolitan constructs and manages global real estate portfolios and customized managed accounts comprising value-add and opportunistic investments, which include primary and secondary fund interests as well as co-investments.

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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $183 billion of assets under management across 126 funds and 160 fund of funds vehicles as of December 31, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 36 offices across six continents.


Media Contact:
Liz Gill