Intern-Private Alternative Credit
About The Position
We’re looking for Interns to join our Lower Middle Market Direct Lending platform for the summer of 2027! In this role, you’ll gain hands-on experience by participating on live (LBO, refinance, dividend recapitalization) transactions across a variety of sectors. You’ll assist in the due diligence, credit underwriting, execution, and portfolio monitoring of private debt investments. Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years! Check us out at www.principalam.com.
Requirements
- Passionate about pursuing a career in investing
- Prior internship experience in investment banking, leveraged finance, private debt or equity, and/or related transactional experience
- Currently pursing a degree in a technical field of finance (i.e. finance, accounting, or related)
- Graduation date of Spring or Fall of 2028
- GPA of 3.5 or above
- Ability to construct financial models such as three statement financial models and Leveraged Buyout models
Nice To Haves
- Additional exposure to investment concepts through involvement in student organizations
- Involved on campus or within the community including leadership
- Collaborative, able to build and maintain strong relationships, manage expectations, attention to detail, ability to multi-task and prioritize effectively
Responsibilities
- Evaluate new leveraged buyout transactions and investment opportunities, attend management presentations, review deal terms and credit agreements
- Build detailed financial models and conduct downside sensitivity analyses of borrowers
- Assist in the preparation of investment committee materials and provide analytical support as a member of deal teams
- Work alongside Senior Underwriters on all transactions, getting real-time feedback to develop and grow your investing skills
- Actively monitor portfolio company performance and assist with ongoing credit surveillance and covenant compliance tracking
- Participate in key areas of due diligence, including business and quantitative analysis, as well as industry and competitive research
Benefits
- Paid company holidays
- Internship Stipend of $4,000
- Tax gross-up on stipend
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What This Job Offers
Job Type
Full-time
Career Level
Intern
Education Level
Associate degree
