Carlyle Group LP (CG:US), the second-biggest manager of investment alternatives to traditional stocks and bonds, named Adam Metz as a managing director to oversee international real estate.
Metz will start in the new position next month at Carlyle’s Washington headquarters, the firm said in a statement. He has been a senior adviser to TPG Capital’s real estate unit. Carlyle, the largest alternative-investment company after Blackstone Group LP, manages $12.3 billion in 10 property funds and related vehicles that focus on Asia, Europe and the U.S.
“I look forward to working with the teams to develop new products that capture market opportunities and satisfy investor demand,” Metz, 52, said in the statement.
Before advising TPG, Metz’s career included being chief executive officer of General Growth Properties Inc. (GGP:US), the No. 2 U.S. shopping-mall landlord. He has a master’s degree in management from Northwestern University and a bachelor’s in history from Cornell University, according to the statement.
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