Inside the World of Carlyle's $8 Billion Real Estate PE Fund!

In this episode, I interview Ojima Agada, who worked at J.P. Morgan and Carlyle in their real estate PE group.
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⏱Timestamps⏱
00:00:00 - Introduction
00:01:47 - Background Overview
00:04:24 - Princeton Experience
00:07:13 - Pivot into Finance
00:08:41 - How did you end up choosing the division that you did?
00:12:45 - JPM Day to Day Activities
00:16:28 - Interview Prep Resources
00:19:34 - Hardest Interview Question
00:21:49 - Switch from JPM to Carlyle
00:29:32 - Types of Deals
00:38:24 - Carrying costs
00:41:14 - Impact of higher interest rate environments
00:46:10 - Challenging phases
00:51:47 - Overview of Carlyle's culture and team dynamics
00:52:31 - Carlyle's work-life balance during COVID
00:54:32 - Acquisition and asset management in real estate
00:57:42 - Work-life balance at Carlyle and real estate investing
01:01:16 - Compensation in real estate investing
01:04:07 - Personal lesson from private equity experience
01:09:04 - Decision to pursue an MBA
01:10:49 - Standout experience during the first year at school
01:13:13 - Characteristics of a good investor
01:14:46 - Tips for purchasing an apartment
01:17:25 - Future of the real estate market
01:19:58 - Advice to younger self
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[@lukesammann1959]

Real Estate PE is so underrated. When I tell people this is what I want to do theyre like "So you want to be a realtor? You dont need to go to college for that!". Regular IB and PE seems so oversaturated Real Estate seems like such a good opportunity to make real investment decisions and deliver good returns for investors and it gives an opportunity to do deals by yourself. Or raise money from friends.

[@tariitonyo3360]

Great interview! Really thoughtful questions and answers. I loved how he always drew the line between Resi and CRE, cause you cant paint both with the same brush and his thoughts on the need to develop more - not a conventional opinion.

[@EcomCarl]

What an insightful conversation! It's inspiring to hear about Ojima's journey from engineering to finance, showcasing the diverse paths one can take in the industry. The PE Investing Certificate Program sounds like a fantastic opportunity for those looking to delve deeper into private equity. 💼🌟

[@Rogershijianhui]

As a Developer, it’s so interesting to hear from the LP side on how they underwriting the deal. Thanks for the interview!

[@tylerejackson]

Another banger! Following your lead Ben

[@TheJmac3616]

Excellent interview! Very informative

[@elieghosn4846]

Great podcasts, as always !!!

[@rjk3297]

Looking forward to watching later. Thx Ben!

[@madk5864]

Love these podcasts!!!

[@muskaanshrestha1332]

Yea, no definitely! hehe 👉👈

[@user-ts7uf7cr8o]

Great podcast 😊 Do you plan to create a video about methods for analyzing companies from an IB or PE perspective?

[@user-ow8ze4qu2x]

Congratulation

[@kelsyluimbe5006]

What day and time are these released weekly?

[@rareliquid]

they're released at 10am est but the schedule just depends on when i have time lol but aiming for at least 1 episode per week

[@Adrian-kb2rf]

Did he work in asset management or acquisitions? Carlyle bifurcates the two roles onto separate teams

[@barryaherne215]

🙌🙌🙌

[@Minecraftin100]

REPE mentioned ( ・∇・)