Real Asset vs. Corporate Investing

There seems to be a lot of activity in the real asset buyside space - whether it is RE, structured assets, infrastructure, telco, etc. I am currently in the middle market corporate space - but considering a jump in asset classes as the real asset side seems to be somewhat less saturated and still much less efficient than your vanilla corporate space.

Can anyone that has done both or have good insights chime in on how the two asset classes compare in terms of market environment, career prospects, supply/demand of talent? As for my interests, I’m open to either path as I think good investing is good investing at the end of the day.

My concern with real asset space is that it appears that the analysis can be somewhat more narrowly focused on the cut and dry stuff and statistically driven vs. the qualitative judgment you have to make on the corporate side (industry environment, management, etc).

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