BX PortCo and Related
Thoughts on working for a Blackstone portfolio company? Specifically looking at Brio out in DTX. How adjacent is it actually to Blackstone in terms of how it looks on a resume and the experience you get?
Separately, any insights on Related Fund Management acquisitions team?
Also curious about comp for both and how you’d compare each.
TIA
Based on the most helpful WSO content:
Working for a Blackstone Portfolio Company (e.g., Brio in DTX):
Related Fund Management Acquisitions Team:
Compensation Comparison:
Final Thoughts:
If your goal is to maximize prestige and compensation, working directly for Blackstone or a similar megafund would be more impactful. However, if you're looking for operational experience or a focus on real estate, both Brio and Related Fund Management could offer valuable opportunities.
Sources: Former PE associate's perspective on these "megafunds", Does Preftige Matter Anymore?: Blackstone to Bypass Scramble for Investment-Bank Talent in Bid to Diversify Hiring, Blackstone buying USD18.7 BN worth of Logistics Assets from GLP in world record deal, Everything You Need To Know about BlackRock, Special Situations Investing (BX, Apollo, Ares)
Have a buddy who works there.
Comp was quoted $150k - $170k base plus bonus. Idk where bonus shakes out, but he expected like 40-60% for year 1. Works on deals with BREDS and regularly speaks with guys in NYC working through deals. It’s basically a typical CRE private credit role. For all intents and purposes, he works for Blackstone. Apparently Blackstone is investing a lot in their Dallas business
How many YOE?
I've worked for two BX real estate portcos. What's solid is that individual relationships with BX from the first job set up the second. It's good to be connected with BX because they just own so much real estate and constantly need operators they can trust.
That said, I disagree with the poster who says that for all intents and purposes, you work for BX. Maybe that's true in the sense you are working FOR Blackstone, but you aren't working AT Blackstone. That's for sure. The lowest Blackstone analyst or intern can give work to the CEO of a portco. Now, if the analyst asks for dumb stuff they get in trouble. But Blackstone doesn't have a lot of dumb analyst so we typically listen to them even if they are super young.
It's good on the resume, most people say "Brio, a Blackstone portfolio company." But again, it's not Blackstone and everyone will know the difference.
The bad side is that the BX crew is a ton of workaholics. They are very NICE workaholics, because their culture is that you aren't supposed to be an ahole, though they do have some. Since they are working all the time, they've developed a culture about wanting super granular info, even at the BX executive level. Like what's going on at this one apartment in Louisville kind of crap. I don't know if they are using all this property level data, but that's also part of the culture now.
Lol super realistic and insightful take right here.
Very Accurate
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