Currently a sophomore in college, been recruiting for junior summer internships for IBD at BB/EB. I plan on spending two years in real estate investment banking before moving on to REPE. What are the best real estate IB groups for Megafund real estate PE? Thanks
Have seen people from UBS/Jeff/WF level REIB groups go to MF REPE. So would say what bank you're at isn't very important. Especially because the work you will do on the other end of the table is a bit different. But best groups include GS, MS, BofA, Barclays, and Citi for BB and Eastdil for boutiques.
Generally it's because of group size. Those groups are bigger and thus take more analysts per class. Barclays is a smaller group that recently just added Gaming & Lodging in NY. Jefferies only takes a few analysts per class split between NYC and Charlotte. Can't speak to UBS, but generally they have smaller groups across the board than the rest of the BB's aside from maybe DB and CS. The point is you will see people from all of these banks at the top REPE firms. Citi and BAML historically have sent the most, but again I also think those are the largest groups headcount wise.
Have a friend who was MS REIB / REPE and now is an MD at TPG REPE I believe. I think some other people I may be aware of went on to MF REPE from that group
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bump
Bump
bump
Blackstone by far
Was asking about IB groups.. BX is the exit opp
he has a point. shoot for BX now since they want analysts
Thanks!
Have seen people from UBS/Jeff/WF level REIB groups go to MF REPE. So would say what bank you're at isn't very important. Especially because the work you will do on the other end of the table is a bit different. But best groups include GS, MS, BofA, Barclays, and Citi for BB and Eastdil for boutiques.
did a quick Linkedin search and found banks like BAML/MS/GS/Citi have a much larger presence at MF REPE than Barclays, UBS, Jeff.. not sure about why
Generally it's because of group size. Those groups are bigger and thus take more analysts per class. Barclays is a smaller group that recently just added Gaming & Lodging in NY. Jefferies only takes a few analysts per class split between NYC and Charlotte. Can't speak to UBS, but generally they have smaller groups across the board than the rest of the BB's aside from maybe DB and CS. The point is you will see people from all of these banks at the top REPE firms. Citi and BAML historically have sent the most, but again I also think those are the largest groups headcount wise.
GS/MS/BAML/Citi seems to have the strongest alum network at MF REPE
Any other thoughts?
Basically any of the top 10-15 banks are great. As a candidate, there is more to you than just your bank.
at the firm I interned at JPM/MS/BofA and a surprising number of Eastdil (real estate investment bank). Also seems to be a lot of poaching between MFs
Bump
Have a friend who was MS REIB / REPE and now is an MD at TPG REPE I believe. I think some other people I may be aware of went on to MF REPE from that group
Heard TPG's last equity fund crushed it – guy must be doing pretty well. Their credit business is a much, much different story.
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