Intern, Investments – Private Markets – Summer 2027 (May-August)

Public Sector Pension Investment Board•Montreal, QC

About The Position

This unified internship posting allows you to apply once while indicating your preference for one of four investment teams: Infrastructure, Natural Resources, Private Equity, Real Estate or Credit Investments. You will be integrated into your preferred team (based on fit and business needs) and actively participate in analyzing, executing, and managing investments in private assets globally.

Requirements

Currently enrolled in a Bachelor of Commerce (Finance, Accounting), Master's in finance or accounting, MBA, or degrees in Economics, Engineering, Mathematics with strong academic standing
High academic achievement required
Excellent financial and analytical skills
High proficiency in Excel and financial modeling
Mature, driven, motivated with ability to take initiative
Responsible, diligent, and able to work independently or as part of a team
Strong communication and presentation skills (written and verbal)
Good attention to detail and rigorous approach to research, analysis, and documentation
Eagerness to learn, ideate, and innovate
Good communication skills in French and English (or willingness to learn)
Other languages are considered an asset (Spanish, Portuguese...)
Regular interactions in English with investment partners based outside of Quebec (peers, bankers, brokerage firms, PSP employees in Hong Kong, London, and New York offices) and interactions in French with employees in Montreal and Ottawa offices
Must return to studies after the internship or the internship must be part of your curriculum
Candidates must have the right to work in Canada for the period specified
Options include Canadian citizenship, permanent_residency, or a valid open work permit

Nice To Haves

Other languages are considered an asset (Spanish, Portuguese...)

Responsibilities

Conduct preliminary analysis of investment opportunities and assess investment theses including key merits and risks
Build detailed financial models (DCF valuation), determine and substantiate key valuation assumptions, conduct sensitivity analyses
Research relevant public information on comparable companies and precedent transactions
Participate in key due diligence activities and coordinate work performed by third-party advisors
Prepare investment memorandums and present recommendations to the Infrastructure Investment Committee
Support investment team members in analyzing potential private equity transactions in agriculture, timber, and animal protein assets
Participate in active management of the Natural Resources group's current investment portfolio
Support due diligence processes for new investment opportunities
Develop and validate financial models related to investments
Conduct industry research on new investment opportunities in forestry and agriculture sectors
Assist in drafting investment recommendations and strategic presentations
Assist deal teams on execution of transactions, including co-investments in companies and external fund commitments
Participate in relationship and portfolio management exercises, supporting coverage teams with holistic asset management activities
Perform investment due diligence, including industry and company-specific research using primary and secondary sources
Assist in the preparation of investment committee materials
Perform financial, valuation, and returns analysis on new opportunities
Support analysts in active management of PSP's real estate portfolio across the Americas
Analyze potential real estate transactions (financial modeling, economic feasibility) across various asset classes and structures (residential, office, industrial, retail, joint ventures, funds)
Participate in due diligence processes for real estate acquisitions and dispositions
Contribute to asset management decisions related to financing, hedging contracts, leasing, capital expenditures, and redevelopments
Research, synthesize, and analyze data on various real estate markets
Collect information and update the real estate investment team's database
Provide support to the investment teams during all phases of the credit investments process.
Assist with investment screening (preparation and presentation), financial modelling and accounting analysis, industry and sector analysis (qualitative and quantitative), transaction due diligence
Be given the opportunity to participate in the investment decision process, assist in drafting and / or reviewing legal documentation, prepare investment recommendation memos and contribute to post-investment portfolio monitoring
Complete an end of internship project consisting of an investment recommendation memo that will be presented to our team’s investment committee