It seems like everyone wants to raise a private equity fund today. Just ask Sheryl Schwartz, a managing director and lead investment professional for primary and secondary funds with New York-based Caspian Private Equity. It’s not an easy job, considering how many private placement memorandums (PPM) she has to get through in a year to find stellar investments for her clients. At the end of October 2016, Caspian had $3.1 billion of assets under management, with $2.0 billion invested in private equity funds and about $522 million in co-investments.
A veteran in the industry, Schwartz was head of TIAA-CREF’s alternative investment team. She joined TIAA-CREF in 1988. In 1997, Schwartz was appointed to establish and develop TIAA’s alternative investment portfolio. During the following 13 years, Schwartz built a diversified portfolio of approximately $13 billion of commitments in alternative investments.