Context: First year debt/equity real estate analyst at a well known MF PE firm.
From what I can tell your best bet would be to go to a REGAL or CMBS role - if given the option probably REGAL at a true M&A player (MS, GS, BofAnot PJT Evercore). My firm used to hire entirely out of banking and now more than 1/2 come to the buyside straight from undergrad. Spots remaining are def getting more competitive
Based on the most helpful WSO content, transitioning from a securitized products investment banking role to a real estate private equity or debt fund is indeed possible. It's all about leveraging the skills and knowledge you gain in your role.
Securitized products, by nature, involve a lot of analysis and understanding of various types of assets, including real estate. This experience can be very valuable in a real estate investing role.
Debt funds could indeed be a more achievable target initially, given the overlap in skills required. However, don't rule out REPE.
As for moving to a REGAL or CMBS role, it could potentially make the transition smoother, but it's not a necessity. Being in a top BB and in IB already puts you in a strong position.
Remember, networking is key in these transitions. Start building relationships in the RE investing space as early as possible. Good luck!
Currently an Incoming SA at a MF PE shop in their Securitized RE group. All of my interviewers came from BB securitized products groups. I know the transition from Securitized products to RE debt is pretty straightforward, but just curious: do you have a compelling reason to exit out of securitization?
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Context: First year debt/equity real estate analyst at a well known MF PE firm.
From what I can tell your best bet would be to go to a REGAL or CMBS role - if given the option probably REGAL at a true M&A player (MS, GS, BofA not PJT Evercore). My firm used to hire entirely out of banking and now more than 1/2 come to the buyside straight from undergrad. Spots remaining are def getting more competitive
What about for strong but non MF firms?
Hey man! I am going into CMBS origination group at GS/MS/JPM next summer. Can I dm you and talk?
sure
Based on the most helpful WSO content, transitioning from a securitized products investment banking role to a real estate private equity or debt fund is indeed possible. It's all about leveraging the skills and knowledge you gain in your role.
Securitized products, by nature, involve a lot of analysis and understanding of various types of assets, including real estate. This experience can be very valuable in a real estate investing role.
Debt funds could indeed be a more achievable target initially, given the overlap in skills required. However, don't rule out REPE.
As for moving to a REGAL or CMBS role, it could potentially make the transition smoother, but it's not a necessity. Being in a top BB and in IB already puts you in a strong position.
Remember, networking is key in these transitions. Start building relationships in the RE investing space as early as possible. Good luck!
Sources: Can I transition from restructuring to regular private equity?, Move from Accounting to Real Estate - is it possible?, Transitioning to REPE from top investment sales
Currently an Incoming SA at a MF PE shop in their Securitized RE group. All of my interviewers came from BB securitized products groups. I know the transition from Securitized products to RE debt is pretty straightforward, but just curious: do you have a compelling reason to exit out of securitization?
Quam expedita laudantium quasi autem est expedita ratione corrupti. Asperiores repudiandae molestiae corrupti numquam nobis beatae tempore. Veniam minima eum qui sint illo. Quibusdam iste aliquid ut ducimus cumque inventore. Ut officiis natus voluptatum excepturi dolores. A aliquid id magni vel quam eaque voluptatem. Ea aut blanditiis accusamus est impedit dolorum maxime eligendi.
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