Palatine Partners
Anyone hear of Palatine Capital Partners hiring out of Miami? They invest in alternative asset classes like self storage and senior living. Any insight on firm, comp, culture? Thanks!
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Interviewed with them, 2 first round screening with VPs. They seemed alright, after that round they ghosted me. I pressed recruiter for pay and was told ~$150k + bonus for Associate and ~$200k base for Sr Assoc. Wasn't able to get bonus info.
The second VP I spoke to seemed a touch offended that I didn't give him a good reason why I wanted to work at the firm, I said something like "I was just notified about this role by a recruiter, I'm not entirely decided yet if I do want to leave my current city/firm, but I was intrigued by X that your firm does."
Basically the same thing happened to me. A recruiter reached out. I interviewed and expressed a very similar answer for “why do you want to work here.” He didn’t seem to love that answer lmfao.
For anyone wondering, this is the state of the job market. I’ve been through multiple rounds with multiple firms, including Palatine and at least one other mentioned on this forum, just to be ghosted or told they’re holding off on hiring. To my knowledge, none of these roles have been filled and some have been posted 6+ months.
Heard their culture is terrible and they're very aggressive day to day. Take it for what you will.
I've received this posting from about 4-5 different recruiters by now, but I haven't pursued an interview as I've decided to explore another opportunity instead. Per my discussion with one of the recruiters. The company seems to be decently well-funded and relatively new but growing, focusing on non-traditional asset classes such as parking and self-storage, and workout plays. The compensation appears to be quite competitive, including a unique profit-sharing arrangement even for associates, potentially reaching $200k right from the start. However, I gathered from the recruiter that the workload might be more demanding than the typical 40-hour work week seen in many other firms in Miami. Additionally, it raises a bit of concern for me that they're casting such a wide net for this role through multiple recruiters. If the opportunity is truly exceptional, one would think they wouldn't need to resort to such extensive outreach, especially considering the current job market conditions. But then again, that's just my perspective.
This. Seems very odd they've been looking to hire someone for quite a while (I've been approached 2-3 times) using multiple different recruiters. Miami has a handful of firms, but it's still a pretty tight job market, so no reason for it not to be filled besides something funky.
Pretty fun within 15 minutes of writing this just got another note on it from yet another headhunter. Posted below for intel.
I hope you are well. I am working on behalf of a Leading Real Estate Principal Investment Firm looking to add investment bankers and Investment Professionals at the Analyst/Associate level to their office in Miami.
About the firm:
The firm is a principal investment firm founded in 2007, focused on making complex, lower middle market investments in US real estate primarily in needs-based consumer-oriented sectors: self-storage, small-bay industrial, multifamily, student housing, senior housing and parking. The firm pursues opportunistic direct real estate investments, encompassing a variety of strategies including value-add or distressed themes, strategic 'buy and hold' scenarios in locations with strong long-term dynamics, or creative preferential structures with significant capital protection. The firm invests on both a direct basis and as a capital partner (LP) with top-tier operating partners who have asset class and/or geographical expertise.
The firm has built a team that combines deep, sector-specific operating expertise with private-equity financial and transactional capabilities. The firm’s team of twenty-one professionals in Miami, New York City and Los Angeles possess broad and complimentary skills that allow the firm to uncover standout, undervalued investments that exhibit significant turnaround and growth potential to generate asymmetric risk-adjusted returns.
If you would be interested in discussing please let me know, please send me an updated copy of your resume. Happy to have a call.
Spoke with a few of their people. Though they raised more than anticipated in their latest fund, I didn’t get a positive vibe.
Think it’s an opportunity for someone without the perfect background to get their foot into the REPE door and build credibility. They claimed to always be underwriting new deals, so they can presumably offer you plenty of reps if that’s something you can’t yet demonstrate on a resume.
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