Caro Investors Announces Firm Launch and Strategic Partnership with TPG
July 15 2024 - 7:00AM
Business Wire
Careina Williams launches new firm focused on
real estate sector
Caro Investors Management, LLC (“Caro Investors” or “Caro”), a
new investment management company founded by Careina Williams,
today announced the launch of the firm with a new strategic
partnership with TPG, a global alternative asset management firm.
TPG NEXT will serve as a significant anchor investor and strategic
partner to Caro Investors as part of its strategy to seed and
accelerate the growth of next-generation investment firms.
Caro Investors’ inaugural real estate private credit strategy is
focused on deploying capital into middle-market private debt
investments with underlying commercial real estate exposure in
asset classes, including multifamily, industrial, investment-grade
retail, and other defensive real estate sectors that Caro Investors
believes are resilient. The firm was founded in 2024 by Williams, a
seasoned real estate investor who serves as Managing Partner.
Williams has deep origination and investment experience across
capital structures, geographic regions, market cycles, and risk
criteria.
“With Caro Investors, we intend to fill a growing void of
institutional investment management firms addressing middle-market
investment opportunities in real estate equity and credit,” said
Williams. “Our investment strategy and process honed over more than
20 years is driven by creativity, rigor, and perseverance, and we
are proud to find a partner in TPG who shares these same values.
TPG’s support will be instrumental as we continue to enhance and
expand our investment platform.”
Through its partnership with TPG, Caro Investors will benefit
from a suite of strategic and operational capabilities to support
the firm launch and expansion, including areas such as procurement,
talent acquisition, capital formation, investment sourcing, and
diligence.
“Careina is an innovative and highly experienced investor with a
strong commitment to excellence as a fiduciary,” said Pamela
Pavkov, Managing Partner of TPG NEXT. “The current market
environment is a compelling back drop for Caro’s launch, and we are
delighted to partner with such a promising new firm,” continued
Marcus Lawrence, Principal at TPG.
“Careina embodies the vision, conviction, and entrepreneurial
mindset of the types of managers we seek to back with TPG NEXT,”
said Anilu Vazquez-Ubarri, Chief Operating Officer of TPG. “We’re
proud to align our firms and welcome the Caro team to the TPG
ecosystem.”
Headquartered in Chevy Chase, Maryland, Caro Investors is
committed to supporting local and underrepresented businesses.
Additionally, Caro Investors will support The Chauncey Harrison
Williams, Jr. and Carolyn Ousley Williams Family Foundation, a
not-for-profit committed to helping young people achieve their
life’s ambition through access to education. The foundation will
support scholarships for students seeking foremost educational
opportunities, amongst other goals.
About Caro Investors Caro Investors Management, LLC
(“Caro Investors”) is an investment management company domiciled in
Maryland, founded in 2024. The firm’s inaugural real estate private
credit strategy is focused on deploying capital into middle-market
private debt investments with underlying commercial real estate
exposure in asset classes that Caro Investors believes to be more
resilient including multifamily, industrial, investment-grade
retail, and other defensive real estate sectors. For more
information, visit www.caroinvestors.com
About TPG TPG is a leading global alternative asset
management firm, founded in San Francisco in 1992, with $224
billion of assets under management and investment and operational
teams around the world. TPG invests across a broadly diversified
set of strategies, including private equity, impact, credit, real
estate, and market solutions, and our unique strategy is driven by
collaboration, innovation and inclusion. Our teams combine deep
product and sector experience with broad capabilities and expertise
to develop differentiated insights and add value for our fund
investors, portfolio companies, management teams, and communities.
For more information, visit www.tpg.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240714660944/en/
Caro Investors info@caroinvestors.com
TPG Courtney Power media@tpg.com