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Assuming in Canada? That's all I can speak to, but I'd assume its a fair take for any other offices.

Very smart folks, its the single largest pension fund in Canada (duh - its for literally everyone).Their RE team primarily focuses on direct investing through JVs but do some platform investments as well. Note that when I say direct investing, they're not getting their hands dirty like at a GP, but its much more hands on than your typical allocator.

Comp is top of market, but hours are long to earn it from what I've heard. If you're happy to work at a pension fund there's no better choice in Canada. My only caveat would be that if you're early in your career you may want to hold off before going to a pension fund - you learn limited sourcing skills since every GP in the world is knocking on their door with deals. It's a better place to settle down for the long-term IMO.

 

Comp is top of the market compared to who exactly? I have a close friend who interned in there Direct PE group and accepted FT and the numbers I heard werent top of street if thats what you meant?

 
CREnadian

Note that when I say direct investing, they're not getting their hands dirty like at a GP, but its much more hands on than your typical allocator.

Could you elaborate on this, would be keen to know how they're more hands on? Are they taking on workstreams that are often handled by the GP (obviously only where suitable - financing docs, acquisition and disposition negotiations etc) or is it a case that they're just much more in the detail and monitoring their investments more closely?

 

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