Real Estate Private Equity - Capital Markets team
Have an interview scheduled up at a global REPE player based in Europe, I am completely unfamiliar with the capital markets side of REPE funds, as I have only worked in the debt advisory and corporate capital markets space. What are the tasks that a junior will focus on a fund level and how does that shift in the later stages of a career in capital markets. Also I was wondering how does comp/hours/progression look vs investment team or normal private equity capital markets teams?
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They basically negotiate financings for acquisitions and properties in the portfolio. They hold the relationships with partner banks/loan providers.
At the earlier levels I would expect it’s a structuring role and involves analysing financings at the asset level.
Senior level there’s a good bit of negotiating and some wine and dine as you would be invited by these banks to events as they want to stay on your good side to finance your superb assets :)
Assume progression is similar but comp is less (more so similar to AM / fund management) - respective 20/30% discount and not sure about carry.
This perspective is from an investment guy looking inwards / light discussions with the team (not a cap markets guy)
Thanks for the insight! Do you know by any chance what the WLB is vs the investments team?
Better, more consistent. Investment guys can regularly be in until 12 or later and no one bats an eye.
Cap markets I would expect would be a 9-9 at the latest.
That's super helpful. Do you believe that at one of these top funds doing CM there's potential to move to the Re Acquisition side at another firm (haircut on prestige i.e., from MF to UMM RE)
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