Metropolitan seeks $1bn for sophomore secondaries fund

The firm‘s debut fund closed on $550 million in February after 17 months of fundraising.

Metropolitan Real Estate Equity Management is back in market with its second dedicated real estate secondaries fund and is targeting more than twice its predecessor, PERE's sister publication, Secondaries Investor has learned.

The Carlyle unit has begun pre-marketing for Metropolitan Real Estate Partners Secondaries & Co-Investments Fund II, according to two sources familiar with the fundraise. It is understood Metropolitan will seek as much as $1 billion for the fund.

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