I know this question has been asked before but I haven't found an answer to the exact same situation:
2 years experience in Deal Advisory in corporate (B4), now offered to move to a REPE Special Situations/Distressed top tier fund (think Apollo, Oaktree) as analyst of NPL/REOs portfolios.
I don't know if I'd like to stay in RE for the long run, would it be possible to change to traditional/distressed PE after some years of experience in these type of deals, even "downgrading" to a smaller fund (LMM)? Has anyone done this?
Does NPL/REOs exit opps include traditional PE funds or is distressed RE regarded as RE and the market will pigeon hole you to RE funds?