Caro Investors Management, LLC (“Caro Investors” or “Caro”), a newly established investment management firm founded by Careina Williams, today announced its official launch and a strategic partnership with TPG, a global alternative asset management company. TPG NEXT will act as a significant anchor investor and strategic partner to Caro Investors, as part of its initiative to seed and accelerate the growth of next-generation investment firms.
Caro Investors’ inaugural real estate private credit strategy focuses on deploying capital into middle-market private debt investments, targeting asset classes such as multifamily, industrial, investment-grade retail, and other resilient commercial real estate sectors. Founded in 2024 by Williams, a seasoned real estate investor, Caro Investors is led by her extensive experience in origination and investment across various capital structures, geographic regions, market cycles, and risk profiles.
“With Caro Investors, we aim to address the growing void of institutional investment management firms targeting middle-market opportunities in real estate equity and credit,” said Williams. “Our investment strategy, refined over more than 20 years, is driven by creativity, rigor, and perseverance. We are proud to partner with TPG, who shares our values. Their support will be crucial as we enhance and expand our investment platform.”
Through its partnership with TPG, Caro Investors will benefit from a range of strategic and operational capabilities, including procurement, talent acquisition, capital formation, investment sourcing, and diligence, to support its launch and expansion.
“Careina is an innovative and highly experienced investor with a strong commitment to fiduciary excellence,” said Pamela Pavkov, Managing Partner of TPG NEXT. “The current market environment provides a compelling backdrop for Caro’s launch, and we are delighted to partner with such a promising new firm,” added Marcus Lawrence, Principal at TPG.
“Careina exemplifies the vision, conviction, and entrepreneurial mindset of the managers we aim to support through TPG NEXT,” said Anilu Vazquez-Ubarri, Chief Operating Officer of TPG. “We are proud to align our firms and welcome the Caro team to the TPG ecosystem.”
Headquartered in Chevy Chase, Maryland, Caro Investors is dedicated to supporting local and underrepresented businesses. Additionally, Caro Investors will back The Chauncey Harrison Williams, Jr. and Carolyn Ousley Williams Family Foundation, a non-profit organization committed to helping young people achieve their ambitions through access to education. The foundation will provide scholarships for students pursuing premier educational opportunities, among other initiatives.
