Mega fund Recruiting

Could someone teach me a bit about REPE MF recruiting? Assuming you don't break in out of undergrad, do people apply and interview after the typical 2 year period? Do they then come in as An analyst or associate? I know a lot of REIB people move to MF REPE, but are those the only roles that have success in recruiting? I just couldn't find many resources on this topic

Comments (18)

 
  • Analyst 3+ in PE - Other
Feb 22, 2021 - 3:15pm

No, I lateraled from a smaller REPE shop after 3 years to a MF in REPE. I literally only recruited for this one position and beat out all the typical RE IBers. LFG.

 

I'd also add that we're looking to hire an experienced analyst right now and zero of the final candidates have IB experience, but instead have 2-3 years of brokerage/asset management experience

 
Feb 22, 2021 - 6:15pm

Likely talking about Carlyle. They hire a lot of people from pure RE backgrounds. Some REIB people, but since they strictly do asset level investments, banking training isn't as important.

 
Feb 22, 2021 - 7:53pm

MF generally means the big investment managers with diverse strategies: Basically the usual ones like BX, Carlyle, KKR, TPG, Apollo etc. (yes some of these have smaller RE funds) and then for RE/Infrastructure specifically SWOOD & Brookfield. Rockpoint, Centerbridge, KSL, Westbrook etc. I would say are like UMM for REPE. Arguably, better places to be if strictly interested in RE- but all of these are top notch shops.

 
Feb 27, 2021 - 12:24pm

I do think real estate as a whole, or perhaps this forum should create a list of top-tier shops - could be a fun exercise. Typically, I have found you do have these larger investment shops (Blackstone, Starwood, etc), but then you have high-quality asset-specific or regionalized operators that are equally great shops that happen to be lesser known on this forum.

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