Private Credit/BDC/REIT- Portfolio Management to Investment Associate?
Hi WSO,
I have a question on a full-time job offer. I go to a top 25 MBA program and right now things are not great in terms of the job market for MBAs. I received a Portfolio Management offer at a Private Debt/BDC/REIT (think Ladder Capital, Ares, Antares Capital, Arbor Realty Trust, Owl Rock Capital Corporation, Golub Capital, Main Street Capital Corp). Ideally I would want a more front office role, but so far its the only thing I have. I was wondering what the exit opps are for a PM role. Could one move internally into an investing/acquisitions associate role (ie front office)? Or would this be a "dead end" job with limited opportunities to make a move to the deal side or front office?
To clarify the firm does not have asset managers, but just has portfolio managers.
Thank you. This may be a stupid question but whats portco?
Portfolio company
Ask alot of questions around day to day on role - this above paints an upside view of the seat.
At my old firm portfolio management team was basically just coordinating valuations of existing portfolio / keying in data for the investment team to approve. There was no restructuring work since the investment team took care of that. This sounds real estate oriented based on OPs question about acquisitions as well so there is a good chance the firm already has an asset management team which makes it less likely portfolio management gets their hands dirty.
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