Ropes & Gray advised global alternative asset manager The Carlyle Group on its latest real estate secondaries program, Metropolitan Real Estate’s Secondaries Program II. The program announced its final close on Jan. 8, raising $1.2 billion, exceeding its $750 million target.
The program invests in the real estate secondaries market globally, providing liquidity to investors in private equity funds and other partnership structures. Program II builds on Metropolitan Real Estate’s secondaries investment strategy dating back to 2002 and its first dedicated secondaries program, which launched in 2014.
The Ropes & Gray team was led by private investment funds partner Marc Biamonte and private investment funds associate Steven Zaorski. The team also included tax partner Dan Kolb, tax counsel Seth Piken, tax associate Thomas Spera.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find our more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.