The Carlyle Group, the Washington, DC-based alternative asset manager, has promoted eight real estate professionals to senior positions, including four to director.
Han Chen, who works in Carlyle’s Asia real estate division and works out of the firm’s Shanghai office, has been made a partner
While Brian Nelsen, who works in US real estate division in Washington; Sarah Schwartzchild, who works in the metropolitan real estate division in New York; and Shirlene Song, who also works in the Asian real estate division in Shanghai, have each been promoted to managing director.
Finally, Seth Davis, Leo Krusius, Samira Madhany and John Rock, who work in Carlyle’s US real estate division in its Washington office, have all been promoted to principal, or director in European parlance.
The eight promotions were part of a set of promotions by Carlyle, which saw 54 other executives advanced in five of its global divisions – corporate private equity, real assets, global market strategies, investment solutions and investor services.
The firm was in the news as recently as October when it announced, on its third quarter earnings call, that it was back in the market with its latest US opportunistic fund, Carlyle Realty Partners (CRP) VIII. Chief executive David Rubenstein said at the time that he felt CRP VIII was likely to be bigger than its predecessor, which raised $4.2 billion.