Real Estate, Leisure, Lodging IB Groups
Related threads are either outdated or results are scattered, what are the BB's or EB's with reputable Real Estate IB groups after Citi, JPM, and BAML? Looking for opinions on exit ops and deal flow. Thanks a bunch
This question has been asked 10+ times over the past few weeks.
As has been stated, all the BB's REGAL groups are very similar. If you look at league tables, the "best" bank (call it BAML, for example), only has ~5-8% market share, whereas the "worst" bank (call it UBS, for example), only has ~3-5% of the market.
There is very little difference between all the BB's, but it might be advisable to join MS/JPM/GS/BAML/CS/BAR/CITI just because BB's dominate the REGAL space, and you want to join a reputable BB that still will give you strong exits both within the REGAL space, and in PE more broadly.
The nature of REGAL work is that it is very debt intensive, and therefore EBs have a harder time winning mandates.
I know DB is up there. One of the top groups at DB
BAML has dominated real estate since the GFC, both in terms of fees and total transaction value. It is the group to be in if you want Real Estate PE exit opps. Then followed by Citi, MS, JPM, and DB.
Best is definitely BAML followed by Citi/GS/RBC/MS for strong RE