Fortress vs. GLP REPE
Curious to hear people’s thoughts on which firm might be considered a better place to begin one’s career out of undergrad?
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Fortress. Better pay and brand name
Appreciate the insight
Thank you for the input!
GLP pays almost as much and Fortress RE is struggling. 1.7b fund down to .8b fund. GLP just industrial though.
Fortress will do distress-y credit and equity deals while you won’t see any of that at GLP, totally different jobs.
Fortress
Would probably do Fortress if I wanted to keep as much career optionality as possible. That being said, I'd argue that GLP is a better name in the industry and would be an amazing place to start a career.
Is there a significant difference between GLP and GLP Capital Partners?
I worked at a fund similar to Fortress, we partnered with them on a handful of larger deals. Would definitely pick them over GLP, when you’re starting out your career being at a sector agnostic fund which can do across the capital structure is a great place to be. Provides greater optionality in the future and allows you to get a better idea of what type of transactions interest you. It’s very unlikely you’ll spend more than 3-4 years there so I really wouldn’t worry about fundraising issues, plenty of firms are facing this.
Not to be a dick but this question doesn't make much sense. It's like asking what's better between an iphone and a scooter. You can't compare them, they're totally different things.
GLP is a top class developer exclusively focused (unless I'm wrong) in logistics. They're one of the most solid names in the industry and you can't wrong with them. Being a developer means you're gonna develop way more "technical" RE skills (i.e. in-depth knowledge of things spanning from town planning, tender processes etc etc.), They are a GP, they secure the capital from LPs and they do the actual work (origination, transaction, letting, asset management etc etc).
Fortress, on the other hand, is an opportunistic PE, focusing on basically every asset class (as long as it generates returns), including real estate credit. Being a LP their job is to pick the best real estate deals proposed by GPs. Working in a PE like Fortress you're not going to develop in-depth knowledge of more "technical" RE stuff, but you'll have exposure to multiple markets and asset classes.
I guess the pay at Fortress is much higher, although I would expect an intense WLB
If you're talking about US no idea at all
I should have specified further. I am referring to GLP Capital Partners
I think all my considerations are valid for GLP CP as well
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