2024 Financial Advisory Summer Analyst Program - New York Private Capital Advisory

New York
Financial Advisory
Summer Internship

Lazard is a global leader in raising capital, executing secondary transactions, and providing capital solutions for private investment funds.  Members of our team have been involved in over 500 private capital-raising assignments since 2003.  Our group has built one of the broadest institutional investor coverage networks in the industry and has cultivated relationships with over 1,500 investing institutions globally.  Our secondary advisory team has been involved in many of the largest and most innovative transactions in the secondary markets.

 

We are a global business with dedicated professionals across eight offices in North America, Europe and Asia.

 

The Lazard Private Capital Advisory Group (“PCA”) has three lines of business:

  • Secondary Advisory:
    • Dedicated global team of secondary transaction experts advising on the divestiture of private fund interests and direct securities interests via GP-led and LP-led secondary transactions
    • Experienced advisor on the sale or spin-out of management companies, as well as the leading advisor in the financial sponsor liquidity solution market today
    • Conducting sales processes of existing fund positions or direct company interests on behalf of both fund managers and institutional investors, Lazard PCA has advised many of the leading financial sponsors in the world and created many of the structures that are now commonplace in the secondary market
  • Private Equity and Credit Fund Placement:
    • Advises private equity and credit firms on raising capital across fund types and structures
    • Decades of experience and a global network of relationships with relevant sources of capital
    • Successful capital raising track record with special expertise in complex transactions across a variety of strategies and sectors
  • Real Estate / Asset Fund Placement:
    • Advises real estate and real asset general partners and fund sponsors seeking to raise capital
    • Experienced in working with both equity- and debt-focused managers across a range of investment vehicles, including closed- and open-end funds, private REITs, and programmatic joint ventures
    • Advise on complex assignments involving real estate and real assets fund restructurings

 

 

Position

Summer Analysts in Lazard's Private Capital Advisory Group work across all three business segments within the team.  Interns will work in tandem with Analysts and Associates during the preparation of a transaction (i.e., drafting Confidential Information Memorandum, building a(n) Portfolio / Asset Projection Model(s), preparing the Virtual Data Room, etc.) and during the marketing and due diligence phases of the transaction (i.e., tracking investor outreach, facilitating and answering due diligence questions from potential buyers, participating in update calls with the client, etc.).

 

The Summer Analyst's specific duties may include:

  • Preparing presentation materials and analysis for prospective clients
  • Analyzing client financial and performance information and assisting in the group's due diligence investigations of prospective clients and companies
  • Assisting in the preparation of marketing materials, including private placement memoranda, confidential information memoranda, projection models and investor presentation materials
  • Managing any roadshow, travel and related logistics of capital raising activities,
  • Communicating regularly with Lazard's institutional investor coverage professionals
  • Assisting in preparing responses to investor due diligence requests
  • Maintaining a database of investor commentary, feedback, and interest in a particular fund
  • Tracking market data to assist the group’s communications with fund managers and limited partners

 

Summer Analysts will also be required to prepare a pitch presentation during the internship, leveraging projection models, asset-level materials, and GP information from a prior PCA deal.

 

Qualifications

 

Ideal candidates should be university students in their penultimate year and top academic performers who are willing to work in an unstructured environment, which values initiative, creativity, maturity, and enthusiasm for learning. Academic backgrounds may vary (no background in finance or accounting is required), however candidates must be comfortable with financial / accounting concepts and enjoy quantitative work.  

 

This position is available in Lazard’s New York office.  

This opportunity is closed to applications.