Beverly Hills PE Scene
Referring to the title, am I the only one who thinks that the PE scene in B Hills is the most difficult club to break into? Lifestyle and atmosphere seems highly coveted. I would like to hear about those who broke in and those who have tried, what the culture is like and so forth. Obviously, I know it’s firm dependent, but overall.
Also interested
Bumpin it
Hi Joe: You are absolutely correct in regard to the PE market in Beverly Hills. I have 3 awesome deals that I have the entire deal down with an exit strategy. Two deals are immediate home runs with one I don't need any equity from the PE firm, I just need their credibility as it is a debt deal which I can do all day long. It is a $6 billion deal that is a piece of cake, but I can't get into platinum Equity and Tom Gores who owns the Pistons would eat up this deal. I am from Michigan too and the deal is in Michigan.
It seems the PE people in Beverly Hills think I am from the farm. They sniff at me and while I am NOBODY right now, I like everybody will be somebody pretty soon with or without them. I can do these deals in my own backyard, but I wanted to set up a West Coast operation for my company and I thought by offering great deals that I could just walk and present the deal. I understand that the deal may not be their bailiwick but what if it is?
I don't know what to do about this. I have reached out to 3 firms and one I met the Managing Director at a social setting and we exchanged business cards and talked about the deal a bit and she seemed to be interested in doing one of the deals and referring me for the other one, but not a peep to my two emails.
I have a company that is new but I have been in the field for 40 years and have originated and closed on my own over $1.5 billion in CRE and business loans. That doesn't seem to resonate with anyone out here. If I was back in Michigan at a cigar bar, I would have 3 offers in two days and the deals would be closed by now. I'm out here sitting on my hands. Yikes. Any thoughts for this struggling nobody??? Thanks. Jeff
pissing myself, just what the Dr. ordered at 3am ty Mrs. Jones
I don't know what this means but SB
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