Westbrook Partners
how does westbrook partners recruit their associates? there is literally nothing on this firm.
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Also curious. I'm assuming whatever RE headhunting firm that leads the Chicago market handles this, Heitman, Blue Vista, etc.
My limited conversations with a somewhat senior guy there indicate that they look to take from reib
Westbrook Partners General Info (Originally Posted: 03/04/2018)
Hi folks. First ever post in the RE forum. Pardon my ignorance as I come from the buyouts world and know next to nothing about REPE. I’m looking to get more information on Westbrook Partners. Starting from scratch as there appears to be almost nothing available on the internet. I’m mostly looking to learn about the culture and reputation of the firm. Do they have a reputation for being good, trustworthy people, or are they mercenary / cutthroat? Appreciate any info people can share, even if it might seem obvious to people in the industry. Thanks.
From a quick Google, they're an operator, not a capital partner. Others may disagree, but I don't consider sponsors to be REPE. They source deals, find someone with money, and then execute the business plan. I think this side of the business tends to be a bit more relaxed as they do not have nearly the same amount of risk as they put very little of their own money into the transaction.
What would be the difference?
Would like to know more as well. I've done some searches on them in the past but their reputation seems very quiet.
They're a REPE firm - they've raised ~10 opportunistic funds over the last 25 or so years. The guys who founded Rockpoint started at Westbrook and split out to start Rockpoint, while Paul Kazilionis stayed and invested under the Westbrook name.
I had an informational call with a VP from Westbrook back in the Fall and can shed some light on what I learned. For reference, I'm a senior in college and sent a cold email, but they don't hire straight out of UG. They have a bit of an unusual structure in that they have 10 offices around the globe (6 in US, 4 abroad) and each focuses primarily on the city in which they're located. So, if you work in the NYC office, you're only going to focus on the NYC area, and the same goes for the LA, Tokyo, etc. offices. If I recall correctly, they generally don't go after the biggest deals, which may be part of the reason it's hard to find info about them online. With that being said, PERE has them ranked at 8 in their Top 50 list (which I think is calculated according to the amount of capital raised over the past 3 or 5 years, on a rolling basis). My apologies for not being more helpful, it's been about 5–6 months since I spoke with them.
This is incredibly helpful. Thanks so much! Please keep it coming if others know more.
Incredibly sharp group. Lot of ex BX guys.
I know a lot of the guys in LDN,
They keep a super low profile
strategy is sort of capex intensive/refurb, they do MM deals as belief there's more value
only focus on the market there located in so may be a bit boring, deaf shit if your just doing London deals versus pan european.
seem relatively smart compared to their peers
From what I've seen they're more like a Hines (asset level approach) versus the likes of Oaktree, BX ect.
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