The private equity (and credit) firms hiring graduates and interns
There have been better times to be in private equity.
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The combination of mismatched buyer and seller price expectations, higher interest rates limiting investment (and exit) opportunities, means private equity isn't what it was. However, carried interest is still huge, even if politicians in the UK and US are trying to clamp down on its tax privileges. There is still a lot of money to be made in the industry.
Private credit funds and jobs have been doing better. Private credit covers a wide variety of roles and practices. And carried interest opportunities in private credit are even bigger – for the time being.
Below is a list of private equity and credit firms that have open internship programs that you can apply to right now. Many private capital firms offer both. Bear in mind, though, that a lot of the biggest funds don’t hire interns at all – to work there you’ll have to get in through the traditional route, which typically involves starting in an investment bank and leaping across.
Alpine Investors
What is it? A private equity firm with $17bn in assets under management (AUM).
Tell me more. Not much of an opportunity, but you can sign up for the firm’s “interest in Alpine?” program that introduces you to the firm, private equity as a whole, and more.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Ares Management
What is it? A private credit firm with $447bn in AUM.
Tell me more. A veritable host (12) of internships available, across the firm’s US offices including New York, LA, and Denver in roles such as real estate portfolio management, portfolio management, and quantitative research.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Deadline? Rolling.
Audax Private Equity
What is it? A private equity firm with $19bn in AUM.
Tell me more. Applications are open for a summer analyst role at Audax, based in either Boston or San Francisco to work in the firm’s private equity team.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Deadline? 7th of February, 2025.
Bain Capital
What is it? A private equity firm with $185bn in AUM.
Tell me more. Only one internship open at BainCap, despite its huge size – for a full-time analyst in real estate, starting in 2025, and based out of the firm’s Boston office.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Bessemer Venture Partners
What is it? A private equity firm with $18bn in AUM.
Tell me more. Just one open opportunity for a full-time analyst at the firm’s New York office. At least it’s in private equity.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Blackstone
What is it? The great grandaddy of private equity firms, with over $1tn in AUM.
Tell me more. Quite a few opportunities available, although a lot are in middle- and back-office roles such as product management and data analysis. There are however front office roles available in New York, San Francisco, and London, among others.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
The Carlyle Group
What is it? A private equity firm with $435bn in AUM.
Tell me more. A rather small offering given Carlyle’s size, but a few internships are available, including private equity in Paris and global credit in Shanghai. There’s also a London-based private equity opportunity for Dutch speakers – make of that what you will. All internships require some previous work experience in finance, indicating that they may be more for master’s students than bachelor’s.
Tell me less. Here’s the link.
When do I apply? Now.
EQT AB
What is it? An investment management firm with $269bn in AUM.
Tell me more. Only one opportunity available, for the firm’s EQT Exeter subsidiary, which deals in real estate. As the name suggests, the opportunity is in London.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
General Atlantic
What is it? An private equity firm with $83bn in AUM.
Tell me more. At present, only one internship open - in Munich, with the firm's German team in Q3 and Q4 of 2024.
Tell me less. Here's the link.
When do I apply? Now, for 2025.
Deadline? 31st of December 2024.
GIC Private Ltd.
What is it? A sovereign wealth fund with $769bn in AUM.
Tell me more. A 12-week program for university students who are interested in real estate, public equities, and whatever else one of the biggest sovereign wealth funds in the world dabbles in.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Deadline? 31st of October, 2024.
Graham Partners
What is it? A private equity firm with $6.2bn in AUM.
Tell me more. A small variety of roles available, all in the firm’s headquarters in Newton Square, Pennsylvania, for private equity-related roles.
Tell me less. Here’s the link.
When do I apply? Now, for 2025 or 2026.
Infrared Capital Partners
What is it? A private equity firm with $14bn in AUM.
Tell me more. Just one role is available in London for an investments and portfolio management summer internship.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Deadline? 9th of October, 2024.
KKR & Co.
What is it? A private equity firm with $553bn in AUM.
Tell me more. For such a giant firm, relatively few internships: China and Germany-based private equity, as well as London-based real estate credit are probably the most interesting at hand.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Deadline? Not clear for all, but 11th of October in Germany.
Orbis Investment Management
What is it? A private equity firm with $40bn in AUM.
Tell me more. A small handful of roles are available in London – two quant-related (one of them an internship) and one of them as an investment analyst intern.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Deadline? 14th of October, 2024.
PSP
What is it? A pension fund with $194bn in AUM.
Tell me more. A few roles available, all in Montreal. Roles include real estate, risk, and everything in between covering a diverse array of continents.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Deadline? Varying; some as soon as 29th of September, 2024.
Silversmith Capital Partners
What is it? A private equity firm with $3.3bn in AUM.
Tell me more. Just one role available – for 2025 graduates to work full-time at the fund as an analyst in Boston.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Stepstone Group
What is it? An investment management firm with $169bn in AUM.
Tell me more. Quite a lot of internships available, across a variety of locations including New York, Beijing, and London, in diverse fields including private equity, real estate, and venture capital.
Tell me less. Here’s the link.
When do I apply? Now, for 2025.
Riverside Company
What is it? A private equity firm with $13bn in AUM.
Tell me more. Riverside offers one internship as far as we can tell, to be an analyst in its micro-cap team, covering companies with less than $10m in annual revenue.
Tell me less. Here’s the link.
When do I apply? Now, for 2026.
Waterland
What is it? A private equity firm with $16bn in AUM.
Tell me more. Two internships open at Waterland, both in German: one for its Hamburg office, and one for its Zurich office. The Hamburg one is a "3+3" role, in which you spend three months with the investment team and three months with the portfolio management team.
Tell me less. Here’s the link.
When do I apply? Now, although unclear for when.
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