Metropolitan Real Estate Equity Management, which is owned by The Carlyle Group, has hired Sarah Schwarzschild and David Lei as vice president and associate, respectively. Previously, both Schwarzschild and Lei worked at Partners Group. Based in New York City, Metropolitan is a real estate investment firm.
Metropolitan Real Estate Equity Management, the private real estate fund investment manager of The Carlyle Group’s Solutions platform, today announced that Sarah Schwarzschild and David Lei have joined the firm as Vice President and Associate, respectively, to enhance the firm’s secondary investment efforts. Mrs. Schwarzschild will be a member of the Investment Committee.
David M. Sherman, President and Co-Chief Investment Officer, said: “We are delighted to announce that Sarah and David have joined the Metropolitan team to help us expand our strategic initiative in the secondary segment of the real estate private equity universe and to capitalize on currently attractive market conditions.”
“Given Metropolitan’s reputation as an influential limited partner, its relationships with numerous best-in-class managers, and its global presence, the firm is ideally positioned to take advantage of compelling fundamentals in the secondary market,” said Mrs. Schwarzschild. “We believe that sellers share a preference for counterparties who can conduct their due diligence efficiently and discreetly, negotiate fairly and transact reliably. We believe that Metropolitan is viewed as a trusted partner in that context.”
Prior to joining Metropolitan, Mrs. Schwarzschild and Mr. Lei were responsible for the sourcing, evaluation and execution of real estate secondary investments at Partners Group. Mrs. Schwarzschild led a team of four investment professionals located in the United States that included Mr. Lei.
Before Partners Group, Mrs. Schwarzschild was an Assistant Vice President in the acquisitions team for the Global Opportunity Funds group at RREEF. She began her career at Rothschild as an investment banking analyst in the Mergers & Acquisitions and Private Placement groups. Mrs. Schwarzschild received a BA from the University of Pennsylvania and an MBA from the Tuck School of Business at Dartmouth.
Mr. Lei began his career in the Investment Banking Analyst Training Program at Credit Suisse, as a real assets private equity investment professional in the Customized Fund Investment Group. He received a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.