Capital Formation

I am 30 years old and have eight years of real estate development experience. My firm wants me to begin helping with the capital formation or equity raising. I would love to hear some feedback on what some of you do who are in this role in terms of what it takes to be successful. Mainly curious in what events do you often go to? How do you handle out reach and what level of “shmoozing” is done.

Most Helpful

Analyst 2 here, started working capital formation nearing end Y1 at my firm. Basically it’s me, EVP, and CIO raising our new fund series, $1B target. Young firm (10yrs or so), has always aggregated our HNW capital into our ‘funds’. This is the first time we’re going direct to institutional equity cap markets and raising a conventional market style value-add / opportunistic fund. From my POV, what I’m fortunate enough to be exposed to & learning right now is 10x more valuable than the gritty investment analyst model work. Now pitching the firm, its track record, and differentiators, along with the particular fund strategy. On calls all day every week with our CEO / founders and gambit of global institutions. PREA is our main event, seems to be one of the best. Road shows with the big dogs also a huge perk. Having a seat on the bus to observe leadership craft ideas / strategy is invaluable. The ‘schmoozing’ you refer to I’m learning more to be intelligent finesse. Outreach is dogged hustle and persistence. Were raising industrial + data centers. Overall cant recommend capital formation enough, never want to leave. I’m just a young guy, but hope this helps.


Great insight. A few random questions for you if you don't mind:

- What do you add to the calls that you're on? Are you just sitting back, listening, taking notes? Or are you tacking on to what your CIO says? Are you the one creating the pitch materials?

- How are you guys positioned to raise a $1b fund with only 10 years of experience, especially in this market and with this being the first round at getting in front of institutional investors? You guys must have some sort of huge differentiator that also scales?

- Are you still close to the real estate? Do you analyze the deals & financial models to understand the investment thesis and drivers? Do you connect with your acq/AM teams on what they're working on?

Don't mean to press you, just curious. Feel free to answer as much or as little as you want.


If you can help with capital formation while retaining your responsibilities on the more real estate related work that's great. I'm at a small fund myself and have a lot of capital formation / investor relation responsibilities since we aren't big enough to have a separate team. But be sure you aren't being silod into an exclusively capital raising type position unless you think that's a good fit.

At the end of the day all high level positions are "sales" to some extent but in IR you'll be pure sales with no technical track record to rely on if you ever wanted to start your own fund / do your own deals.


Ut deserunt facilis ut vero nostrum dolor et. Qui vitae ut aut quasi sed est. Laborum qui reprehenderit velit facilis nulla corrupti cupiditate molestiae. Modi pariatur sed reiciendis minus corporis nemo. Quia earum cumque nobis. Officia ut qui molestias veniam consequuntur.

Earum aliquam consectetur nobis dolores eveniet eaque molestias. Voluptatem possimus explicabo repellat. Assumenda quis placeat deserunt. Cum explicabo qui eos id corrupti soluta. Nesciunt doloremque illum voluptatem veritatis asperiores. Mollitia numquam adipisci nesciunt porro delectus quas quidem.

Praesentium ut adipisci qui fugiat velit ut praesentium. Tempora aut rerum doloribus laborum nostrum ut. Dolorum neque aut modi unde facilis repellat.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (151) $101
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”


redever's picture
Betsy Massar's picture
Betsy Massar
Secyh62's picture
BankonBanking's picture
GameTheory's picture
dosk17's picture
kanon's picture
CompBanker's picture
Linda Abraham's picture
Linda Abraham
bolo up's picture
bolo up
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”