About This Deal

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.

Deal Terms

Acquirer
The Carlyle Group
Target
Metropolitan Real Estate Equity Management
Value
Not disclosed
Date
November 2013
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
New York, New York, USA
Segment
Investment Solutions (real estate fund-of-funds)
Structure
Acquisition of 100% of equity interests; terms undisclosed
Closed
November 1, 2013

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗ · SEC filing ↗

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