Moving from development to REPE
I currently am a Senior Analyst at an institutional developer in a large east coast city (NY/DC/BOS). I enjoy development and I’d like to one day start my own shop. However, Im curious about how difficult it would be to transition to REPE at a mega fund? I feel like if I were to start my own fund, having the name brand of BX, Carlyle, TPG, etc would be helpful in raising capital. How difficult would it be to make that transition and do you think it would even be worth it? The REPE pay is also appealing.
I feel like being a good operator will be more helpful- if you’re at a good developer and want to develop, you need to hone your niche!
Working at a giant PE firm will not help you raise money to do your own development deals. Is that actually why you want to make a switch?
I am in the same boat as you. I have been at an institutional developer for a couple years now and would like to try working for a REPE shop that has opportunistic funds. My reasoning is more tailored around trying different roles in the industry while I am still in my 20s and figuring out where I want to take my career. That said, I have gotten very little outreach from headhunters recruiting for the role and am nervous to reach out to some of our LPs as I would not want word to get back to my higherups.
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