Any color on Carlyle US Real Estate?
Can anyone provide any color on the group? Hours, comp, experience, b school ops, history of the group, etc. How does the group operate across offices? Is comp on par with Carlyle PE?
Any info would be appreciated.
Thanks
I've worked on deal with the Carlyle Real Estate team. I'm afraid I can't give you much color on their comp, but I'll try to give you a little info. The deal team I worked with had pretty solid pedigrees top 25 UG a few had MBA's from top programs with prior experience a major RE platforms at banks and other hedge funds. The entire deal team I worked with was considerably older and more experience than many other organizations I've worked with. I know they have done some major deals across the country. I worked with them on a large multifamily transaction in Austin. 10/10 would love to do business with them again. I hope that is at least a little helpful.
And I would def not expect PE comp in their RE group (not that it wouldn't be good, just saying)..
comp from what i have heard - associate 2 yr program is $100k with 100% bonus so $200k all-in. Analyst pay was like $70k with 100% bonus. Hours suck
Interesting data point on the comp. Does it increase second year? Also, what do most associates do after the 2 year program? do many get promoted? or is b school the prevailing choice?
Carlyle RE (Originally Posted: 12/09/2010)
Do any of you guys know much about Carlyle's RE PE? Clearly they're one of the big boys, and I know a lot about what they do here in Asia (pan-asian strategy, multiple property types, etc), but I don't have much information on what kinds of investments they target in the U.S.... I'm particularly interested in the D.C. office. Anyone know what types of property types they're into? Size of the office? Is it all like opportunistic equity or do they do mez, distressed, and other debt strategies? Is it split between acquisitions and Asset Management teams? Pay? Hours? Culture?
Anything you guys know would be greatly appreciated
...repost?
I saw this question when you posted. Honestly, I don't think the right kind of big fish swim in the Oasis yet for you to get that info. Wait a couple years and perhaps one of us guppies can grow up to be a BSF (lol, Big Swimming Fish) in REPE to answer your question.
Good luck though. I suppose you can take comfort in that fact that you're one of the bigger fish for now.
Damn, maybe I overdid that whole fish/swimming metaphor a bit...
Yeah... to continue the analogy... sometimes you can "hook a biggin'" on this site, but generally I've noticed they're (they being anybody above an analyst in IB) a bit more paranoid about opining on specific groups/firms and will tend to send a PM w/ info rather than post all over a forum.
Well, keep fishing.
pymp, what I have heard in the past is that Carlyle RE is not that great, pay-wise or prestige-wise. Or even experience-wise: more asset management work than acquisitions. In fact, considering the number of former accountants there, I wonder if it is more reporting-oriented asset mgmt and less analytical.
Now working in LBOs at Carlyle, that's another story of course.
However, the above may or may not apply to investments in Asian real estate. That could be a totally different story for all I know.
Carlyle have focused on multi-family and office recently, and eastern seaboard, phoenix, california, washington (offices) geographically.
I met Paul Brady (in late August/early September) who is one of their top guys in the US. To be honest I wasnt too impressed and we didnt invest. Harbert are by far the best REPE team I have met with.
Maybe this should be a new post but what other RE PE firms are out there that are currently operating at full throttle and not weathering this financial storm so to speak.
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