The Carlyle Group acquired Metropolitan Real Estate Equity Management, a transaction completed in November 2013, structured as Acquisition of 100% of equity interests; terms undisclosed.
Metropolitan Real Estate Equity Management operates in Investment Solutions (real estate fund-of-funds), is based in New York, New York, USA. Carlyle acquired 100% of Metropolitan Real Estate Equity Management, a global real estate multi-manager (fund-of-funds) with more than $2.6 billion of capital commitments at closing. Metropolitan joined Carlyle's Solutions platform alongside AlpInvest, extending the fund-of-funds model into real estate. The acquisition closed November 1, 2013; terms were not disclosed.
Extend Carlyle's fund-of-funds Solutions platform into real estate multi-manager strategies.
Advisory firms were not disclosed for this transaction.