Perseus LLC hired Sheryl Schwartz as a senior managing director. Schwartz will work on mezzanine debt, private equity investments, and investor relations. She will be based in New York. Schwartz previously served as TIAA-CREF’s managing director.
Sheryl Schwartz, formerly a Managing Director at TIAA-CREF, has joined Perseus, L.L.C. as a Senior Managing Director working in its New York office, the firm announced today. Ms. Schwartz will work on mezzanine debt, private equity investments, and investor relations.
Ms. Schwartz joined TIAA in 1988 and held a variety of positions there. She worked three years investing in corporate private placements, two years trading secondary private placements and four years investing in mortgage and asset-backed securities.
Beginning in 1997, Ms. Schwartz established the TIAA alternative investment program and successfully built a diversified portfolio of approximately $13 billion of commitments in alternative investments including investments in buyouts, venture capital, distressed and turnaround, mezzanine debt, energy, infrastructure, and timber. As head of the alternative investment team, she managed a team of 10 professionals and was responsible for all fund, direct private equity co investment and mezzanine debt opportunities sourced from TIAA’s relationships with fund managers.
Ms. Schwartz holds a BS in Finance and an MBA in Finance from New York University and previously worked at Irving Trust.
Perseus, L.L.C. is a merchant bank and private equity fund management company headquartered in Washington, D.C. with an office in New York and an associated advisory firm in Munich. Perseus has invested in numerous middle market growth equity, buyout and turnaround transactions in the United States, Canada and Western Europe. Perseus manages seven private equity funds and is currently raising its eighth fund. Since its inception in 1995, Perseus has made investments in more than 60 portfolio companies in a wide variety of industries in which Perseus and its principals have expertise, including healthcare, energy and environmental technologies, and branded consumer products as well as turnaround and distressed situations.