Metropolitan’s Schwarzschild promoted

Sarah Schwarzschild joined Carlyle’s real estate arm last March from Partners Group. She's helping lead Metropolitan’s first dedicated real estate secondaries and co-investment fund.

Sarah Schwarzschild has been promoted to principal at The Carlyle Group’s Metropolitan Real Estate Equity Management, according to a statement.

Sarah Schwarzchild
Sarah Schwarzschild

Schwarzschild joined Metropolitan as a vice-president in March 2014. Previously she led Partners Group’s real estate secondaries team in the US. She also spent three years as a vice-president on the acquisitions team at RREEF Property Trust, according to Carlyle’s website.

Carlyle initially hired Schwarszchild and associate David Lei from Partners Group to build out Metropolitan and “expand our strategic initiative in the secondary segment of the real estate private equity universe and to capitalise on currently attractive market conditions,” Metropolitan president David Sherman said.

The pair is leading Metropolitan’s first dedicated real estate secondaries and co-investment fund, Metropolitan Real Estate Partners Secondaries & Co-Investments Fund, which held an interim close on $70 million in November. SCIF has a $450 million target and is eyeing a final close by summer 2015, sources familiar with the matter said.