RE PE in Asia (Roles and Fund) differences
Hi guys, long time lurker here. I am a penultimate year student interested in the real estate space based in Asia. I have done several internships in both CREs and REPE firms. I aspire to work in a MF based in Asia someday and was hoping to find out more.
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For juniors working in MF REPE in Asia, what are your hours like compared to IB? I understand smaller shops usually have 45-55 hour weeks and it will be considerably higher during live deals
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What is the work structure for MF REPE firms in Asia. Is it a cradle to grave where an analyst/associate works on one live deal from acquisitions to asset management to divestment ? Or is it split whereby acquisitions focus on investments and divestment and there’s a separate AM team
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What are the differences working in a MF like BX this over funds with > USD 5 Bn Aum?
Thanks a lot :)
Asia where? Like japan shanghai and hong kong have a drastic difference
Interned at a REPE in Shanghai, the culture is very absurd. The CIO is a member of CPPCC and gets underpriced shits all the time. They barely need a quant or a property valuation specialist (they do have some harvard tsinghua phds sitting there but theyre never useful imo coz the deals are just too decent). I am not sure if the whole RE industry in China is shady but you really need to check the recent deals of the shop you are going.
As for Japan, I just hate their workplace culture. And Japanese are famous for low acceptiveness towards foreigners. Japan just isn't a good place for Americans.
The environment of Hong Kong should be the best for ex-pats but I think Hong Kong is dying. Best choice in Asia should probably be Singapore. Nice weather, international environment and low tax
as always, there's far more variance in PE than IB, so no one can answer the questions you asked because each shop is different
Does anyone know what the culture at Sg based firms are like? SWFs like GIC and what not?
Very long hours, low control over your industry assignment, low pay. But you get to throw big money around. Culture depends on team. Too big of an organization to make a definitive statement.
Hello! By any chance you are working for one of them currently? (capitaland/Mapletree/Ascendas etc.)
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