7 Comments
 

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

 

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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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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