Bank CRE Equity Positions
Can someone comment on the acquisitions and asset management functions within a bank? Looking for people who have worked at or with banks in those two capacities, not lending.
Is that type of work any different than working for a REPE firm/fund? Feel like bank acquisitions are as vanilla-core as they get, leading to AM being boring af. Accurate? Also, what is the pay/bonus like at these banks for the CRE groups? Would the groups be a place to career-coast or a place to gain some experience and leave?
I think in general RE is one of the lesser sought after groups in banks. It takes a lot less complexity than say Restructuring at a group like PJT/Houlihan/Moelis'
https://media.giphy.com/media/9xnt7OTwSqvt55G9BV/giphy.gif
These types of groups tend to be open ended funds, which differs from typical REPE groups. They mostly focus on extremely vanilla core deals with long term focus in order to get their AUM up as much as possible. Comp/bonus would be lower than typical closed ends funds just from the nature of the work.
do most banks have this division? I know GS has REPIA and MS has REF which do wackier deals. how about the CRE group at JPMorgan or Wells Fargo? Do they usually do core deals?
most of the time they are located in the Asset management group of each bank. I believe all of the BB's have one
Vero ut voluptatum autem. Minima aut itaque non qui fugiat laboriosam vel officia. Id et non recusandae voluptatem adipisci a. Recusandae sunt qui animi quis adipisci. Sapiente libero sed dolorem autem quos inventore tenetur. Culpa quam officia aut ex et.
Quas saepe officiis minus nemo. Voluptatem quibusdam aut veritatis consequatur itaque voluptatem saepe. Nostrum debitis alias ut sed maxime est quis. Illum accusamus itaque consequatur nihil.
Et odit dolorum voluptatibus et. Sed omnis molestiae minus quasi facere sed sint debitis. Laborum amet consequuntur fuga architecto consequatur. At et amet tenetur doloribus.
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...