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Slide #23. The Carlyle Group — Metropolitan Real Estate Equity Management
The Carlyle Group (NASDAQ:CG)
Metropolitan Real Estate Equity Management
Global alternative asset manager The Carlyle Group (NASDAQ:CG) today announced that it has agreed to buy Metropolitan Real Estate Equity Management, LLC, a global manager of real estate funds of funds with more than $2.6 billion in capital commitments. Equity for the transaction will come from Carlyle's balance sheet. Financial terms were not released. The transaction, subject to Metropolitan's investors' consent, is expected to close in November 2013.
Carlyle Group is an asset management firm. Co.'s Corporate Private Equity segment advises its buyout and middle market and growth capital funds. Co.'s Real Assets segment advises its active carry funds focused on real estate, energy and infrastructure. Co.'s Global Credit segment advises a group of funds that pursue investment strategies that span the credit spectrum of liquid credit, illiquid credit, and real assets credit. Co.'s Investment Solutions segment provides investment opportunities and resources for its investors and clients to build private equity and real estate portfolios through fund of funds, secondary purchases of existing portfolios and managed co-investment programs.
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