All,
I am a second year real estate credit analyst at a BX/Brookfield/Starwood. I'm starting to realize that CRE/REPE may not be where I want to be long term.
I went to a semi-target (most major BBs recruit on campus) and have solid credentials. I still have some contacts from my undergrad IB recruiting/networking days and would love to lateral if possible.
Knowing the state of layoffs, is this the worst time for me to try to network to lateral into investment banking? I am open to different coverage/product groups.
Would love any feedback. Thanks.
Following
following - also in CRE buyside looking to make a jump
It's going to take several additional jumps if end goal is Corp PE. IB in of itself isn't a hard jump. See someone on LinkedIn that's done Dev -> REIB -> M&A -> PE Associate over course of ~4 years.
Would lateraling to a group outside of a REGAL/REIB group be unrealistic?
The following paths I can see as viable...
Real Estate Mega Fund -> BB REGAL -> BB M&A / Coverage -> MM Corp PE
Real Estate Mega Fund -> MM M&A / Non-RE Coverage -> MM Corp PE
Real Estate Mega Fund -> BB REGAL -> LMM Non-Real Estate Related PE
Real Estate Mega Fund -> LMM Non-Real Estate Related PE
I think that the following are hard but not impossible (can't find anyone whose done these but not searching hard either)
Real Estate Mega Fund -> BB REGAL -> UMM / MF Corp PE
Real Estate Mega Fund -> MM M&A / Non-RE Coverage -> UMM / MF Corp PE
Real Estate Mega Fund -> UMM / MF Corp PE
If i were you I would look very heavily into private credit, specifically with companies that invest in RE / financials. Your RE credit background can probably be easily applied to corporate credit (easier than real estate PE to cooperate private equity)
Wow thank you for the detailed list.
How were you able to pull such specific profiles? LinkedIn Premium?
Will definitely look into paths to private credit. I was already looking into SSG/distressed credit funds and backtracking.
No, lateral market is here but not booming like 2021. It probably won’t be easier but there is always opportunities
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