Carlyle buys global real estate platform
The Carlyle Group has completed the acquisition of Metropolitan Real Estate Equity Management (MREEM), a real-estate fund-of-funds business with more than $2.6 billion in capital commitments. Equity for the transaction came from Carlyle's balance sheet and financial terms were not disclosed.
Metropolitan is now part of Carlyle's Solutions platform, which also includes AlpInvest, the $48 billion private equity fund-of-funds business acquired in 2011. That same year the GP also bought a 55%...
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