MF AM vs. REPE to 25 Acq
Have opportunity at a MF in their AM group or a REPE top 25 firm in acquisitions for a first year analyst out of UG which one should i chose?
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Do you want to do acquisitions or asset management?
Goal is acquisitions
If you wanna do acquisitions take the acquisitions role. Stop worrying about prestige etc. won’t do you any good if you’re not doing what you want to do. You’re saying it’s a top 25 firm…who cares whether it’s number 3 or 24. If you’re not doing what you actually want to do, you’re not going to do as good of a job at it.
Acquisitions. Fuck AM.
Edit: (Sorry, don’t mean to throw shade at those who are in AM).
Sorry changed tag, but goal is to do acquisitions. I am just worried about giving up the reputation, pay and growth opportunities at the MF.
MF and top 25 are pretty much synonymous. However for context, I could start at LaSalle/Heitman acquisitions or go Blackstone/Starwood AM, I would go Blackstone/Starwood. Branding is more important early on, first job you'll likely be there 1-2yrs especially at a MF.Top 25 in PERE 100 (if you're referencing) doesn't mean much. There are smaller shops that 10x harder to get into where all the MF/bankers/etc funnel into.
Focus on platform (sophistication investor base, flexible mandate), caliber of team (not just pedigree), generalist opp (role, asset class, geography), and work-life balance (underrated).
Went through a similar decision process and ultimately chose the MF AM role even though I wanted to be on the acq team. I think the MF brand name was too good to give up and plus, you can always spend 2 years and downstream to a smaller fund and be on their acq team. Jumping from MF to MF from AM to acq is very hard to do though.
Sharing the companies names would be quite helpful as acquisition strategies can vary and AM roles can differ
Anymore insight or any clarity I can provide to get more opinions would be appreciated
If you’re saying top 25 it’s definitely towards the end of the 25. If this is truly a MF (BX type of shop), then I would take that.
Exactly - sharing companies names would be of help.
If you want to do acq just take the acq role and move to a better fund later (will be easier than from am).
I’m of the opinion that pursuing the acquisitions role would be best if that’s where you’d like to be. Accelerate the learning process. Top 25 repe still must be a recognizable firm.
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