TIAA-CREF loses Schwartz, merges units
Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), the $363 billion US asset management group and institutional investor, is merging its alternative investments and global private markets groups after the departure of Sheryl Schwartz, former TIAA-CREF MD, Private Equity and head of the $5.5 billion alternatives program.
At TIAA-CREF, Schwartz invested across all sub-sectors of the asset class, as well as distress, mezzanine, co-investments, and timber investments. TIAA-CREF's private markets group focused primarily...
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