Return to search

Metropolitan RE launches seventh global FoF

The Carlyle-owned real estate firm has a diversified portfolio of primary and secondary fund interests.

Metropolitan Real Estate Equity Management has launched its seventh global fund of funds, according to documents filed with the US Securities and Exchange Commission Friday.

Metropolitan filed two documents with the SEC. One filing disclosed its Metropolitan Real Estate Partners Global VII, which has collected $600,000 and a separate filing revealed Metropolitan Real Estate Partners Global VII-T has collected $26.1 million. The firm declined to comment.

Metropolitan makes global real estate investments on the primary market that are diversified by region and sector. The firm’s portfolio also includes “secondary purchases of fund interests, co-investments in specific transactions, investments in ‘club deals’ and the like”, according to its website.

The Carlyle Group purchased Metropolitan in November of last year. At the time, Metropolitan had a $2.6 billion portfolio and investments in 180 real estate funds. The firm’s prior global fund of funds—Metropolitan Real Estate Partners Global VI—closed on $98 million in 2012, according to PEI’s Research and Analytics division. Limited partners in the fund include the Nebraska Investment Council and the Board of Regents State of Iowa.

Metropolitan is led by president David Sherman and co-founder David Nasaw and managing director and chief financial officer Felipe Dorregaray, who is listed on the SEC documents. Earlier this year, the firm hired former Partners Group executives Sarah Schwarzschild and David Lei as vice president and associate respectively. Metropolitan has offices in Boston, Hong Kong, London, New York and San Francisco.