Received two offers- one in the location that I want to stay long term but with a debt fund. Other offer in a location I don’t see long term with an asset management role. End goal is switching to acquisitions at some point. What would be better? The one in my location is a bigger name
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Is the asset management role at a REPE fund?
AM varies a lot depending on the firm, some treat it as a core team that generates revenue and works on improving the assets, bolt on acquisitions, selling the assets (modelling valuation and returns analysis), making strategic decisions etc.. whilst other funds just have the AM team doing the portfolio monitoring and reporting work so less important.
So it would be useful to understand the true nature of the AM team.
I would probably go with the offer in your preferred long-term location, you haven't really said why the other would be "better". The underwriting and deal making process of a debt fund is actually probably more similar to acquisitions than you realize (now, what your job will be could vary that point). Assuming this preferred location has multiple employers doing what you want, it is 10x easier to network and job hob in the city in which you work than cross country.
Gotta agree with this. OP is a bit light on details, but a better name on the resume in a city you want to live in is hard to beat.
OP, how does comp compare and how well did you get on with the teams?
Comp in non target location might be a but higher for SA but I am not sure about full time. Sorry for not providing much detail. Got along well with both teams but maybe a bit better with the target location. Any further insights?
both for SA that typically extend FT
100% agree with above. Debt fund UW is typically more involved than standard bank lending, and is closer to how the equity looks at deal given the higher leverage
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