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Private Equity Summer Associate

Learn more about BlackRock
BlackRock

BlackRock

Private Equity Summer Associate

Princeton, NJ
Internship
Paid
  • Responsibilities

    What does our business do?

    BlackRock Private Equity Partners (“BlackRock PEP”) is the private equity investment solutions group at BlackRock. Private Equity Partners has offices in Princeton, Zurich, London and Hong Kong with total AUM of more than $30 billion across a range of commingled funds and separate accounts. Major investors with BlackRock PEP include insurance firms, pension funds, endowments, sovereign wealth funds and sophisticated family offices. BlackRock PEP invests globally across the range of private equity strategies, including venture capital, growth, buyouts, distressed, and special situations.

    What will you do as a Summer Associate?

    • Participate in due diligence of investment opportunities (direct investments, primary funds, and secondaries), including conducting market and company research, preparing valuation analyses, financial and operating models, and investment memoranda, and presenting recommendations to the senior investment team
    • Coordinate with service providers and internal BlackRock groups (Legal, Operations, and Risk) to manage the closings of new investments
    • Develop and maintain relationships with intermediaries and private equity fund general partners
    • Work with and help guide the development of junior investment professionals
    • Assist in the preparation of summary review materials in support of internal quarterly reviews, external investor reports, advisory board meetings, and fundraising
  • Qualifications

    What capabilities are we looking for?

    • 3 - 5 years of relevant work experience
    • Communication skills – strong written and oral presentation skills, with the ability to effectively formulate and articulate opinions persuasively
    • Technical skills – ability to understand and develop financial models for companies and private equity funds (e.g., LBO models, valuation models, fund cash flow models)
    • Analytical and critical thinking – ability to identify and articulate key investment considerations and risks. Ability to constructively review and critique other team members’ work, and willingness to receive and respect alternate points of view
    • Interpersonal & team skills – comfortable with consensus decision-making and working in a cross-border, strong team-based environment
    • High level of intellectual curiosity
    • Self-starter with strong initiative
    • Organizational and time-management skills; attention to detail
    • Outstanding academic achievement, demonstrated leadership and extracurricular involvement
    • Passion for and understanding of the private equity industry

    Application Information

    Within your application, you will have the option to apply for up to two business divisions within the Summer Associate Program. To apply for Private Equity, please select Investments – Alternatives, Princeton.

    We look forward to reviewing your application!

    NOTICE:

    BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

    For CA Residents:

    We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.

    BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

  • Industry
    Financial Services
  • Fun Fact
    We offer a fun, entrepreneurial culture you wouldn’t typically find at a financial services company. You can even wear jeans to work!
  • About Us

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of December 31, 2019, the firm managed approximately $7.43 trillion in assets on behalf of investors worldwide.