Special Situations Investing (CRE)
So before I get monkey shit on my first ever post (after lurking for the past few years) I want to preface this by saying I have researched across this forum, Linkedin, various company websites, and private databases before posting. It would be appreciated if you could share your insights for my questions below so I can cross validate. Once I find out more information from industry sources I will update this thread to pay it forward for people in the future.
Special Situations Group at a broader commercial real estate fund (invests Senior Debt, Mezz, preferred & equity). Fund has $5 – 15bn AUM.
(1) How does this compare with the SSG/ Oaktree in terms of the scope and breadth of work for example?
(2) Would it be correct to assume that distressed debt wouldn't be a focus and rather more complex RE opportunities?
(3) What would exit opportunities look like; would one get a look in at some of the more prominent name brand firms having this experience? Specifically would ~2 years investment banking and ~1-2 years in this group be a profile of interest to get into Tactical Opportunities ator SSG at Oaktree with a target undergrad?
(5) Compared to IB the base salary appears to be within the bounds of market with a lower bonus - how does total compensation change from investment analyst / associate / etc in this space for this fund size?
(6) What would the day to day look like in this role & what are the average weekly hours once you are up the learning curve?
(7) What resources would you recommend to hit the ground running (e.g., I haveRE course) for someone who doesn't have a background in RE?
(8) Worst case scenario is there anything stopping me from going back into IB if the role doesn't live up to expectations?
Thank you if you take the time to share an answer.