I have an interview with these but can't seem to find out much about them online other than-
"The Park Hill Real Estate Group (PHREG) is a top-tier global real estate private equity financial advisor and placement firm for high-quality real estate investment managers and operators. Our team executes a variety of capital-raising and advisory mandates within both the debt and equity markets on a global basis. The strategies consistently focus on managers with a proven ability to create and add value.
Managers are selected from the Real Estate group’s extensive network of relationships with domestic and international sponsors. After a thorough evaluation of the managers and their strategies, PHREG provides sponsors with guidance and expertise in real estate finance and structuring and assists its clients in identifying appropriate long-term, sophisticated institutional property investors worldwide with whom they can partner and grow."
Can anyone provide some insight into the amount of Underwriting/Valuation that this work would consist of and the exit opps associated with it. Currently doing a term time REPE internship at mega fund and intend on going into it in the long run. Thanks in advance!
This is not a group that focuses on RE acquisitions. They help place money at firms. Most of your work will be underwriting investment managers, their experience, and track record. They used to be part of the Blackstone empire, but were spun off about 12 - 18 months ago. I know a few people that work here. PM me is you have more specific questions.
Thanks mate! Doesn't really sound like my sort of thing although I'll do the interview and see what they have to say. I'm only really interested in underwriting/valuations.
how would you underwrite the manager?
To underwrite the manager, you'd generally start with the senior people. What are there professional and academic backgrounds? How long have they worked together? Then you'd look at the rest of the organization - do they have enough qualified junior guys, do they have a strong finance function and acceptable internal operations. Do they have a disciplined investment process. Then you'd look at investment track record and deal history. What have they bought and how has it performed, have they bought/sold a the right times? do they have internal design, development, leasing or financial expertise that allows them to add value over the hold period? And of course, you'd want to consider integrity. How do previous investors that have worked with this GP think of the GP? Do they always act in the best interest of their LPs? Then you'd consider the type of investment vehicle they want to raise, the structure, fees, promote, and so forth. Is this reasonable/competitive? Then you'd consider investment strategy: what is the strategy they want to raise capital for, and do you agree with the thesis? If all that checked out and you wanted to work with them, then you'd have to convince them in your ability to raise capital... and then of course, deliver the $$$.
I was literally about to post the same thing OP
Two men enter; one man leaves.
Do you have an interview with them as well?
I have an interview with this group tomorrow as well. Does anyone who has experience with the group/private placement know what type of questions to expect during a first round interview?
So is this group like Greenhill's REIB? Mostly focusing on raise institutional money for REPE funds? Just curious. If not who are its competitors?
Meant to give you a banana not monkey shit you sorry! hahah
No prob. Def won't be last time I get MS.
Got it. Thanks
Has anyone heard back about superdays for the NY office?
I had my interview Monday and I was told they are hosting it this Friday and there's another one on in Nov or something like that.
Do you guys have any idea what the modeling test will be like?
Has anyone heard back from the super day yet?
Can anyone share what expected comp ranges look like for these high end placement agencies?
bump here - anyone have any updated info on the structure of their interviews, comp, work-life balance, etc?
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