Does anyone have experience and know the reputation of VOYA Investment Management. Recruiter reach out to me to join their commercial debt platform as a real estate associate. Does anybody know about the reputation of this company? Could it be a back door into private equity in the long run?
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LifeCo focusing on lending for core assets in most major markets. I think they're also based in Atlanta but their teams could be spread out. I've seen them do mostly office and retail, some industrial and rarely multifamily or hotel, but I have seen some of those deals get done. They don't usually lend for big high rises but they like small buildings in city centers and big office campuses and shopping centers in prime suburbs. Deal sizes are not particularly small, some deals close to $100 million, some at $50 million others maybe just under $10 million. You'll get some good exposure because they're coverage is actually pretty wide in comparison to Pru or MetLife which are more institutional and focus on larger deals. Culturally, haven't heard they're the best though. I don't know that its really an easy backdoor to PE.
Can you shed anymore light on this? I am interviewing as well and I am not familiar with the group outside of knowing the Voya name.
I think it mostly has to do with a change in management in late 2017 or early 2018 because a lot of people started leaving not too long after. I'm not too sure what the hours and true day-to-day work culture was like, but one of the originators that worked closely with my firm was constantly trying to do business with us, flying into town several times throughout the year. I don't know how much that says, but there's lots of other lenders/originators my firm works with, and we weren't getting a constant stream of visits from those.
I cannot believe how wrong this response is. Literally, every single word of this guys response and follow up comments is completely inaccurate. Hope you didn’t make any decisions based on this thread
Thanks for your input. I've heard it is pretty tough to work there and a lot of turnover. I'll keep that in mind while going through interview process.
Can you shed more light on this? I am interviewing with them as well, but not familiar with the group and their reputation. I am being recruited as well and so far the conversations have been pleasant.
My sense of the culture is purely based off of what I've seen online. Individual seem to often say there is a lot of change and restructuring. In past that has not worked out well. Almost derailed my commercial real estate career, but luckily I've bounced back!
What are your thoughts on their reputation in conversations so far?
My sense of the culture is purely based off of what I've seen online. Individual seem to often say there is a lot of change and restructuring. In past that has not worked out well. Almost derailed my commercial real estate career, but luckily I've bounced back!
What are your thoughts on their reputation in conversations so far?
They are a known company but not likely on a lot of "best of breed" lists, but I don't think it would have negative impact to a resume. I would generally place as a mainline insurance based investment manager. They used to ING, but were sold/spun-off (the US ops) awhile back into this new company called Voya. The real estate team, then known as ING Clarion became independent as Clarion who is a top class RE investment manager today. So, not sure if Voya and Clarion have any relationship now, but all the top real estate talent and business went to Clarion when ING divested in the US.
I have to add this personal experience, I had Voya as a retirement plan manager for a job I had awhile back. I finally got around to rolling it over to an IRA this year. Voya has the absolutely worst website and technology of any fin services vendor I've ever seen. Literally, in 2020, they cannot accept paperwork by any other means than mail or fax. No email, no upload, no app to take picture from phone.... they have invested no money into their client side. Substantially behind most of their competitors (the client service person I talked to admitted it was embarrassing). Not sure what that means for internal systems, pay, culture, or anything else... but it wouldn't make me confident overall.
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