VP at Stonepeak vs. GIP
Both are obviously fabulous industry leaders names within the Infra asset class, great fundraising track record, returns, and outlook.
How would you compare them for a mid-level role? Career advancement / upward mobility / responsibilities / culture etc.
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Both are notoriously brutal places to work
Would assume there’s more upward mobility at GIP giving the tailwinds from BlackRock with raising AUM. As most saw coming, the low quality BlackRock IP have started to get cut due to performance of their funds. promotion past VP at either is very slim…splitting hairs overall
What makes you say their promotion rates are very slim? From their website / LinkedIn search, they have a ton of promoted to Principal/Director.
I also heard things have improved at GIP since acquisition by BlackRock. Curious if anyone heard more about this?
While Stonepeak has had a good fundraising track record to date, I’d imagine getting fund five across the finish line at their target may be difficult.
Fund 3 and some investments in fund 4 are pretty dicey. GIP has definitely deviated less from “traditional” infrastructure which LPs seem to now be rewarding them for.
The Blackrock partnership has also created a ton of momentum in Middle East / retail channels that will be more difficult for Stonepeak to capitalize on.
The counter argument is that working for Blackrock is really annoying.
Are you saying the cosmo in Las Vegas isn’t mission critical infrastructure?
Lol exactly and would argue that net leases are, at least in risk profile, more infra-like than for-profit schools, radiology clinics or some of their other more esoteric bets
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