Sheryl Schwartz, formerly a managing director at TIAA-CREF, has joined Perseus as a senior managing director working in its New York office.
Schwartz will work on mezzanine debt, private equity investments and investor relations.
Schwartz joined TIAA in 1988 and held a variety of positions there. She worked three years investing in corporate private placements, two years trading secondary private placements and four years investing in mortgage and asset-backed securities.
Beginning in 1997, Schwartz established the TIAA alternative investment programme and built a portfolio of approximately USD13bn of commitments in alternative investments including investments in buyouts, venture capital, distressed and turnaround, mezzanine debt, energy, infrastructure, and timber.
As head of the alternative investment team, she managed a team of ten professionals and was responsible for all fund, direct private equity co investment and mezzanine debt opportunities sourced from TIAA’s relationships with fund managers.
Perseus is a merchant bank and private equity fund management company headquartered in Washington, D.C. with an office in New York and an associated advisory firm in Munich.