I'm familiar with the PERE 50 firms on the surface, but wanted more detailed information on comp (analyst and associate level), lifestyle and reputation for the top 10 or so firms. Anyone have any intel?
Here's the list for reference (2014 Ranking / GP / Capital Raised Last Five Years / 2013 Ranking):
1 The Blackstone Group $32.129 1
2 Lone Star Funds $12.500 3
3 Starwood Capital Group $8.661 2
4 Colony Capital $7.454 4
5 Brookfield Asset Management $6.928 9
6 Tishman Speyer $5.757 6
7 Angelo, Gordon & Co $4.606 15
8 Westbrook Partners $4.532 13
9 Oaktree Capital Mangement $4.496 21
10 Global Logistic Properties $4.400 –
11 Walton Street Capital $4.189 23
12 GI Partners $3.524 38
13 Orion Capital Managers $3.523 29
14 The Carlyle Group $3.434 7
15 Fortress Investment Group $3.159 19
16 TA Associates Realty $3.055 20
17 CapitaLand $2.895 18
18 Cerberus Capital Management $2.650 39
19 LaSalle Investment Management $2.557 5
20 Beacon Capital Partners $2.541 28
21 Hines $2.471 37
22 Northwood Investors $2.381 24
23 Rockpoint Group $2.330 34
24 Prudential Real Estate Investors $2.315 16
25 GTIS Partners $2.287 40
26 Ares Management (fka AREA Property Partners) $2.214 14
27 KSL Capital Partners $2.211 32
28 Secured Capital $2.207 61
29 Rialto Capital Management $2.130 –
30 DRA Advisors $2.100 31
31 Merlone Geier Partners $1.879 –
32 Paramount Group $1.853 –
33 CBRE Global Investors $1.809 12
34 Perella Weinberg Partners $1.747 25
35 Hemisferio Sul Investimentos $1.700 36
36 Alpha Investment Partners $1.653 30
37 Gaw Capital Partners $1.628 84
38 Harrison Street Real Estate Capital $1.602 46
39 Kayne Anderson Capital Advisors $1.601 48
40 Phoenix Property Investors $1.562 68
41 Kildare Partners $1.500 –
42 DivcoWest $1.493 75
43 Patron Capital $1.407 60
44 Mapletree Investments $1.400 59
45 GreenOak Real Estate $1.398 –
46 Heitman $1.351 89
47 GE Capital Real Estate $1.348 47
48 The JBG Companies $1.329 53
49 Related Companies $1.325 54
50 Tristan Capital Partners $1.300
Specific info on Blackstone, Lone Star, Colony, Starwood, Ares/AREA, Carlyle and Oaktree would be helpful.
Much appreciated.
bump
Top Real Estate Private Equity Groups (Originally Posted: 05/14/2014)
I'm looking to begin to explore my options for a job in the private equity real estate world. I am looking to go to a shop that invests in all types of real estate assets so that I can get a better background on RE investing before i specialize (ie. development/distressed assets/stabilized assets). I was hoping that members on here could provide me with a little bit of help as to what shops would be the best to work for in order to get a great background on real estate investing in all assets types/investment strategies. Any help would be appreciated.
MSREI: You will spend your time working half on opportunistic REPE and half on core. Great shop, second only to BX in opportunistic REPE. Wrecked in crisis, new fund still raised quite a few billion. Overall still a great REPE megafund.
BX: 40% IRR gross of fees on all REPE funds... Abso-fucking-lutely legends. Buffet probably could have gotten these returns if he levered up to 70% on all of his buyouts.
Most other megafunds have some allocation to REPE but some are more corporate based (KKR).
Best way to break in is through REIB or another REPE shop.
Is there anyone that can comment on the interview process? Typical questions (e.g., technical or macro perspectives on market) or are they worried more about general fit
Anyone heard of Westport Capital Partners? Any advice?
To answer your question "Any advice?", I'm not sure what kind of advice you're requesting specifically, so in this case my advice to you = "kill self"
I've done deals with both BX and TPG RE, and both shops are top notch. TPG just got a great team from DB recently.
vl229, without divulging too much, what was the nature of your deals with BX and TPG? Would be interested to know how they structure their deals. Thanks.
Lulz prospie doesn't like repeating himself (herself??). Here's the Westport thread
http://www.wallstreetoasis.com/forums/westport-capital-partners-info
Info on Blackstone: http://ir.blackstone.com/files/doc_presentations/2014/2014%20BX%20Inves…
TPG is currently growing their team. Smart people, good pay, but lots of work.
Go with Blackstone.
Who are the top 20 Real Estate Private Equity Companies (Originally Posted: 10/07/2011)
Does anyone have a list of the top US real estate private equity firms in the US?
This is a little bit old but might be of use.
http://www.privateequityrealestate.net/resources/PERE%2030/PERE_30_Exec…
[quote=notaspammer]This is a little bit old but might be of use.
http://www.privateequityrealestate.net/resources/PERE%2030/PERE_30_Exec…] ah, LBREP, Citi Property Investors... those were the good old days
Here's the 2011 standings, ranked by amount of capital raised on a trailing 5 year basis.
I'm surprised that JP Morgan isn't on the list. Is it categorized as something else?
I think PERE does a ranking of the top 50 REPE - you'll be able to find it by googling
Does anyone know the names of the top 5 quite/very lean, but "doing big things" real estate private equity shops in NYC? (Originally Posted: 12/19/2013)
That, and the name of the top 5 luxury townhouse developers in Manhattan and the Top 5 Hotel Acquisition/Repostion/Disposition groups. Excuse the jumbled format of my post since am writing this from my phone. Thanks.
toll brothers has to be up there.. dont know how "lean" their operation is though
Naftali and Extell are decent
Fisher Brothers and JD Carlisle come to mind and under the radar but very involved.
JD Carlisle could be the most "under the radar" developer in NYC that does big projects and owns quite a bit.
Hotel - HEI and Crescent are pretty involved and own several in NYC.
chetrit
Chetrit sure isnt "quiet"
Ut iusto debitis voluptatem consequuntur. Sit sit accusamus et non excepturi enim in dolor.
Eligendi adipisci molestiae et atque atque est qui. Autem sed quaerat hic quis aut aut. Enim sit ex sed facilis blanditiis excepturi ut. Qui omnis officia dignissimos reiciendis officiis.
Aut est et at dolorem quae. Reprehenderit iusto adipisci perferendis. Alias distinctio consequuntur nisi est nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Occaecati aut natus occaecati odio voluptas quaerat et quia. Vero mollitia pariatur molestiae consequatur. Atque ea enim ea nihil est quas. Sequi omnis provident in sed quos non.
Voluptas unde iusto esse pariatur veniam quia assumenda magni. Aut incidunt voluptatibus quia aspernatur nihil rem quod. Neque beatae numquam repellat dolore dolorem aspernatur odio.
Expedita voluptas quo officia accusamus repudiandae rerum itaque. Voluptates non maiores ut ut nulla dolor consequatur. Quibusdam placeat qui delectus corrupti. Officia inventore rerum architecto ad.
Pariatur nisi at asperiores. Sunt esse cum voluptatem asperiores facilis voluptatem. Pariatur veniam temporibus et. Quae qui cumque fugiat. Et animi inventore porro rerum sequi iure quo occaecati.