Going from REIT to very small and specialized

Hello,

Wanted to get everybody's opinions on an offer I received from a small but active distressed debt shop. Currently I am at a large REIT in a development / acq role focusing on value add plays. I received an offer from a small distressed debt firm with better comp package (30% + higher than current), better work environment, carry on deals, etc. The firm in question is small (think 10ish people) but the principles have a solid reputation, and previously made a ton of cash (probably around 200M each ). They have around 500-1BN AUM with much of their own money tied up in the fund and seem to be relatively active.

Am I selling my self short/ limiting my future growth by going to a firm with very little name recognition and specializes in a niche product. I am struggling with the fact that the firm is not widely known / a large portion of funding is provided by the principles. Should I wait for a better offer?

Any insight is appreciated.

 

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