Schwartz joins Caspian Private Equity

The former high-powered LP has joined the Natixis affiliate to focus on primary and secondary investing.

Sheryl Schwartz, the founder and former head of alternative investments at the Teachers’ Insurance and Annuity Association – College Retirement Equities Fund (TIAA-CREF), has joined Caspian Private Equity as managing director, investments. 

Schwartz most recently worked as a senior managing director at mid-market firm Perseus. She left TIAA-CREF in 2010. She began her role at Caspian on 18 June, the firm said in a statement. 

Sheryl
Schwartz

In her role, Schwartz is a member of Caspian’s investment and executive committees. She will lead investments in primary and secondary funds, the firm said. 

Schwartz worked at TIAA-CREF from 1988 to 2010, where she spent half her time there investing in alternatives and half focusing on fixed income. Under her watch, TIAA-CREF became a significant alternative investor, eventually amassing more than $13 billion of commitments. 

Caspian Private Equity is an affiliate of Natixis Global Asset Management. The firm focuses on US private equity. Caspian spun off from Caspian Capital Management in 2008. It advised on more than $1.5 billion of private equity commitments as of 31 March, 2013.