LP Equity Investor Roles - REPE or Family Office

Good morning, WSO. I have a question about roles as it relates to my job hunt.

Just about every REPE or Family Office analyst or associate role I see, either posted online or discussed on WSO, is for either acquisitions or asset management. However, I am more interested in working for a LP investor on new deals than I am in either buying deals from developers (acquisitions) or running long-term operations for the deals once they are acquired (asset management.) I can't find these type of roles to save my life, though, so I'm wondering if I am missing something.

• Am I simply misunderstanding what acquisitions and asset management personnel do and ignoring that one of those two do what I am describing?

• Are LP Equity investors not known to hire analysts or associates and instead run lean with only higher ups? Essentially, do I need to get a couple years of experience doing acquisitions or asset management and then transition?

• Does the COVID pandemic and associated recession mean that these type of jobs simply aren't hiring at the moment and they otherwise would be advertised for?

• Are these almost entirely more institutional jobs with a more banking-esque recruiting schedule as opposed to most real estate jobs that hire as needed year-round?

• Am I not searching for the right terms or keywords? Are these positions called something unique that I am missing?

Long-term, I want to be the "money man," investing in good development ideas, following them through construction and lease up as the silent partner, and enjoying either an exit or long-term cash flow. I thought that I could at least start out as an analyst or associate for that type of person or company, but perhaps I was wrong?

Thanks in advance for any insights.