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2024 Summer Intern: Private Equity Secondaries

Commonfund

2024 Summer Intern: Private Equity Secondaries

Wilton, CT
Internship
Paid
  • Responsibilities

    Job Description

    Job Description

    **About Commonfund:
    Commonfund is a leading asset management firm that empowers educational institutions, foundations, pension funds, family offices, RIAs, and other sophisticated investors to achieve their most important goals. Through our Outsourced CIO business, we provide nonprofits access to world-class investment management solutions. Our CF Private Equity business provides access to private equity investments for both nonprofit and for-profit organizations seeking to diversify their portfolios with private investments. Our Commonfund Institute is among the nation’s most trusted sources for relevant, useful, and proprietary data, analytics, and best practices in financial management. All our businesses are united by a relentless commitment to investment performance matched by an equally relentless commitment to the values of trust, transparency, and ethical behavior that have inspired us since our founding more than fifty years ago.

    About CF Private Equity:
    An affiliate of asset management firm Commonfund, CF Private Equity empowers pension funds, endowments, foundations, family offices, investment advisors, and other sophisticated investors to diversify their portfolios with private investments. We combine the scale of a leading global asset manager with the nimble flexibility of a focused boutique, offering access to many of the world’s leading managers in buyouts and growth equity, venture capital, and real assets and sustainability strategies. Our global portfolios are constructed with a diversified mix of primaries, secondaries, and co-investments, with a focus on smaller and growing companies backed by sector and geographic specialist general partners. We also provide direct investing opportunities through secondaries and co-investing programs that provide dedicated exposure to select private companies. Our highly experienced investors reflect Commonfund’s commitment to investment performance and its decades-long commitment to the values of trust, transparency, and ethical behavior.
    **

    Position Overview:

    **** We are currently seeking motivated and driven candidates for a 10-week internship position starting in the summer of 2024. The position would be within CF Private Equity’s Secondary Investment Team, where you will have the opportunity to play a vital role in supporting our investment professionals in the evaluation, analysis, and execution of secondary market transactions, with the stated goal of converting the individual(s) into a full-time employee upon graduation.

    Primary Responsibilities: ****

    • Conduct research and analysis: Perform comprehensive market research and analysis to identify potential investment opportunities in the private equity secondary market. This includes analyzing historical fund performance, financial statements, and other relevant data.
    • Financial modeling and valuation: Assist in building and maintaining complex financial models to evaluate investment opportunities. Conduct valuation analyses, including discounted cash flow (DCF) modeling, comparable company analysis, and sensitivity analysis.
    • Due diligence support: Support the due diligence process by gathering and organizing data and participate in manager diligence calls. Help in preparing investment memos and presentations for internal and external stakeholders.
    • Portfolio monitoring: Assist in monitoring the performance of existing investments, tracking fund updates, and preparing reports for the investment team. Contribute to the preparation of quarterly and annual investment performance reports.
    • Market analysis: Stay informed about trends, developments, and competitive dynamics in the private equity secondary market. Monitor industry news, research reports, and regulatory changes to provide valuable insights to the team.
    • Data management: Maintain accurate and up-to-date records of investment transactions, documents, and correspondence.
    • Team collaboration: Work closely with investment professionals and other teams within the firm to support deal execution and investment decision-making. Collaborate with colleagues to share information, insights, and best practices.

    Qualifications:

    • Rising Senior currently enrolled in a Bachelor's degree program, preferably in finance, economics, or a related field.
    • Strong analytical and quantitative skills, with proficiency in financial modeling and valuation techniques.
    • Excellent research and data analysis abilities, with attention to detail.
    • Proficient in Microsoft Excel, Word, and PowerPoint.
    • Effective communication and interpersonal skills, with the ability to work in a team-oriented environment.
    • Strong organizational skills and the ability to prioritize tasks effectively.
    • Demonstrated interest in the financial markets, investments, and alternative assets.