Carlyle Group said Jan. 8 that its Metropolitan Real Estate’s Secondaries Program II closed on $1.2 billion, exceeding its $750 million target. The program invests in the real estate secondaries market globally and aims to provide liquidity to investors in private equity funds and other partnership structures.
Secondaries offer exposure to seasoned real estate investments with a shortened holding period. These defensive characteristics, among others, are resonating with our investors late in the economic cycle. As the secondary market continues to grow, we remain focused on acquiring high quality assets with capable partners at attractive valuations for our investors.