Who owns Metropolitan Real Estate?
Real estate investment company BentallGreenOak has signed an agreement to acquire Metropolitan Real Estate Equity from global investment firm The Carlyle Group. The deal adds Metropolitan’s integrated primary, secondary and co-investment real estate platform—with more than $2.4 billion (as of Dec.
What is Metropolitan real estate?
Metropolitan Real Estate is a multi-manager real estate private equity investment platform that is part of Carlyle’s Investment Solutions business. Metropolitan’s secondary investment strategy benefits from its deep market relationships and foundation of over 225 existing fund investments.
What is secondaries investor?
In finance, the private-equity secondary market (also often called private-equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds.
How do secondaries work?
Secondaries typically include a variety of essays on assigned topics. You could be asked to discuss your favorite novel, describe a leadership role you’ve taken, or detail your greatest academic achievement. You will also be asked to submit letters of recommendation if you did not do so through AMCAS.
What are secondaries transactions?
Definition: Secondary Stock Transaction (or Secondary) A secondary stock transaction is when an investor buys shares in a company directly from an existing stockholder (typically a founder, employee or existing investor). The funds paid go to the seller, not to the company.
Why are investors drawn to secondaries?
Investors are attracted to the market as a way to improve liquidity and to mitigate the ‘denominator effect’ where declines in the value of other parts of an investor’s portfolio leaves them overweight to private capital, which may cause them to freeze new commitments or divest holdings in order to return to their …
What is Metropolitan’s secondaries investment strategy?
Program II builds on Metropolitan Real Estate’s secondaries investment strategy dating back to 2002 and its first dedicated secondaries program, which launched in 2014. Sarah Schwarzschild, Head of Secondaries at Metropolitan, said, “Secondaries offer exposure to seasoned real estate investments with a shortened holding period.
Who closed metropolitan real estate’s secondaries program II?
New York, NY – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has closed Metropolitan Real Estate’s Secondaries Program II, raising $1.2 billion and exceeding its $750 million target.
What is Metropolitan’s investment platform?
The platform encompasses primary fund investments, direct property co-investments and secondaries, creating multiple and complementary ways for Metropolitan to invest with its partners. Metropolitan’s secondary investment strategy benefits from its deep market relationships and foundation of over 225 existing fund investments.