Infrastructure or Real Estate PE?

Hi all, I've recently managed to land some PE internship offers in the areas of Infrastructure and Real Estate.

I'd like to ask for some opinions between the 2 different fields, which one should I go for? Previously, I was in back-office finance in real estate and consulting before transitioning to risk advisory in the Big 4.

Should I take the offer from Real Estate PE and leveraging on my past exp supporting the sales and investment teams? Or should I go into a completely new area with Infrastructure PE? Both offers are from similar firms in terms of size as well as focus their focus on emerging markets.

 

Unazaki, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:

  • How will Trump's presidency impact Real Estate? US. A real estate billionaire is about to run this country and what does that mean for us in CRE? ... Given his background in real estate coupled with some unprecedented moves he's pulled in his ... upgrading infrastructure. At the same time, he has proposed to slash taxes ranging from individuals to ...
  • Overview of Infrastructure Private Equity from scratch). Since I am mentioning real estate here, it is worth noting that infrastructure uses very ... notable firm focused on real estate, infrastructure and timber- their latest dedicated infra fund BIFIII ... private equity Infrastructure Real Estate 101 Private Equity Forum Resources PE Industry Report PE ...
  • From Real Estate into Infrastructure might be more opportunities in Infrastructure than Real Estate in the future. Would it be still a suited ... degree? I would appreciate any oppinions! private equity Real Estate Infrastructure ... even integrated in one division. Is there maybe somebody who could tell if starting in real estate ...
  • Real Estate PE Exit Options a real estate private equity firm. Some of the options that I've explored are as follows: IBD: Would ... it be possible to move into i-banking with a focus on sectors other than real estate? Corporate ... Real Estate ...
  • Real Estate Hedge Funds (RE Stocks Only) I know a bunch of hedge funds that invest in real estate, but does anyone know of hedge funds that ... non-real estate companies where real estate holdings are the main value driver (SHLD) are all fair game. ... Real Estate hedge funds <p class="h4 m-t-none">Hedge Fund Forum ...
  • MBA Real Estate at Johns Hopkins I'm also reaching for UNC and Cornell Thanks in advance! Thoughts on this? mba real estate ... bet to break into infrastructure finance via REPE, a REIT, or possibly consulting through an MBB or ... or REPE, etc. JH is the only American school that offers both an MBA with a RE Infrastructure ...
  • Does anyone know any hedge funds that invest in real estate in additions to stocks/bonds? Real Estate ...
  • From Real Estate Finance to Founder of Development Company- AMA generalize from my specific experience.) Background: No real estate experience before going to Business ... school (top 20 school but certainly not a top 5). Post-MBA, went to work in real estate capital markets ... certain- the great thing about the real estate business is that if you're reasonably intelligent, use ...
  • More suggestions...

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Best Response

What about: * the gut feeling you've had with the teams; * the chances of an offer to be hired after the internship?

Anyway, there's something you haven't written that makes me rise an eyebrow: if you've already worked somehow in real estate (despite was BO finance) and you don't feel this is the chance to get back to that area and learn more about it (which could be the foundation of a career in PE real estate), it is at least possible that isn't the path for you.

 

I would say that it was very clear that the infra team was a lot more friendly and easy going than the RE team, which gave me the impression that they were expecting me to "hit the ground running" and adapt quickly with minimal guidance. So I am sort of pivoting towards the infra offer in this regard as they told me that an analyst would help mentor me in my initial few days.

In terms of potential FT offers, RE will very likely lead to FT offers, but the infra side didn't really seem to be willing to convert becuz they gave a cryptic answer when I asked that seemed to indicate a "No" answer. But I'm not sure if this should be a priority for me as this will be my year 2 summer internship, so I'm still 2 years from graduation and I doubt that either firm will be willing to give a FT offer given my year 2 circumstances, no matter how well I do. The interviewers themselves seemed to hint at this as well.

I'm sure you're going to ask about how I got 3 internships b4 the end of year 3, and the order is as follows:

Year 1 winter: BO Finance RE Year 1 Summer: Consulting Year 2 winter (extended to part time spring): Risk Advisory

 

I'm looking towards a career in project/sponsor finance, doing deals in the energy and utilities sectors. No current preference for being on either the buy/sell side.

But I'm keeping my options open at this time and I wouldn't mind making career switches into PE or infra if I find a good team or company that I really enjoy working with ^^

 

Perhaps it makes more sense to try something different and work with people you feel it would be nice to spend time with. At that career point it’s somehow better to risk a little more in terms of not being sure to secure a FT offer after the internship but having the chance to see different stuff and meet different people than simply finding the job ASAP. Finding what you are really passionate about (and good at) is the most important thing.

 

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