CRE Team at Credit Oriented Hedge Fund
Does anyone have experience working on a CRE team under a high tier hedge fund umbrella? Specifically curious about firms such as Monroe, Arena Investors, Silver Point, HPS etc. This would be for a high level associate/VP level type seat, but curious about all perspectives and experience anyone might have.
I imagine the difficulties are
1) constantly competing for capital (when CRE returns are less than corporate hard to get a deal done
2) trader mentality from non-CRE IC members
3) IC being comprised of non-CRE professionals
4) Lack of name brand recognition within CRE
Exits seem decent to other great large CRE focused funds or elite boutique shops, but the turnover in these CRE HF roles seems high across the board with a lot of firms not seeming like they can get a CRE platform truly off the ground.
Only Silverpoint is really a hedge fund (others are mainly private credit oriented shops) and I believe they do most of their real estate investing out of the private side of their firm.
Do they still fight for AUM with their corporate arm?
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