Does anyone here have any insight into GIC? There’s no position posted or anything I’ve just been curious looking through LinkedIn.
Anyone have insight into their associate pay? Would it be ~150k base and 150k bonus? From my understanding that’s the corporate PE comp
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My understanding is pay is great, deal experience is one of the best and hours are long. I interviewed and got rejected. Know your deal sheet cold and be ready to talk through the “why” of the deals and be ready to do some finance/math/brain teasers
I applied to their associate AM position back in July ish and never got a response :(
They said that - looking for a specific candidate
I would steer way clear of GIC. Comp: not as good as other PE firms who do similar work, especially given the hours expectations (80-100 hrs/week) - also no upside since it is an SWF; Ridiculous interview process: probably took 150 hours of my time for modeling test / case study, prep, going through all of the different rounds; Culture: cold and not fun, know someone who worked here and gtfo'd as fast as possible.
What were the case studies like if you can share?
I helped a friend with the case study and it was the longest and most open-ended case study I have ever seen. It was a multi-day take home test that required building a full, thorough, multi-tab, dynamic model from scratch and then an IC memo. Pretty sure she had to present to several different people afterwards.
Did you make it to the super day? I took the case study but haven’t heard back yet if I’m moving on to the next round. What you’re saying makes me question if I should even hope to advance in the process…
lol I had no idea they’re running a process. Do you mind sharing the headhunters you used, don’t have to be specific for this job just hoping to build a network for when I do decide to jump. Thanks man
How long did it take for you to hear back after initial screens?
Those hours make no sense with comp + being a SWF lol
They were just awarded global investor of the year by PERE, possibly for the second year in a row? I'm not saying that to d-ride on rankings - but you definitely don't get that award by being a sleepy sovereign.
They’re not a normal SWF. I work in REPE and we compete with them on tons of deals. They’re doing massive mezz, pref, equity, entity level deals
Keep in mind that GIC is not a direct RE investor. They just allocate capital here and there to direct investors such as KSL, Greystar, Rockwood, Prima etc....
They're more screening/approving GPs' deals as they have discretion as an LP. No sourcing/deal structuring happenning here.
Yes they're a LP, but they're not "passive" ones like some pension funds. They work on deals worth billions, ofc there's a lot of involvement on the deal structuring side, especially for corporate deals (e.g. the acquisition of the share in The Student Hotel/TSH).
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