Private equity major Carlyle has appointed Adam Metz as a managing director and head of international real estate, which is a newly created position.
Metz, who previous worked as a senior advisor to TPG’s real estate group, will start his new job in October. He has also held senior leadership positions at several REITs, including General Growth Properties and at Polaris Capital.
The firm currently manages $12.3bn in ten real estate funds and related vehicles focused on Asia, Europe and the US.
Carlyle chairman Daniel A. D’Aniello said, “We are excited to welcome Adam to the team. Real estate is one of the largest asset classes in the world and Adam will lead our efforts to expand the depth and breadth of Carlyle’s international footprint.”
Back in July Carlyle reported that its private equity funds performed better in the second quarter than its real assets vehicles, which saw a decline in unrealised value.
The firm’s carry fund portfolio surged 16 per cent in the past year, which is ahead of the 14 per cent increase in the MSCI All Country World Index during the same period.
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