APFC External Partner Intern - Pathway Capital Management, LP

Alaska Permanent Fund Corporation • Irvine, CA

13d • Hybrid

About The Position

Pathway Capital Management, LP, is a leading institutional investment management firm that creates and manages specialized private markets solutions for institutional investors worldwide. Senior Investment Interns analyze potential investment opportunities—including funds, secondaries, direct equities, and direct credits across private equity, private credit, and infrastructure—and assist the investment team with market research and monitoring client portfolios. Interns work closely with senior and mid-level professionals on small teams.

The internship lasts 10 weeks, with dates varying to align with the college schedule. The internship is located in Irvine, California, or Providence, Rhode Island. The position pays $34.00 per hour for a 40-hour work week, with remote work on Fridays. Interns are responsible for securing their own travel and housing. Public transportation is available at the Irvine location.

Applicants must also meet the APFC program criteria: currently be enrolled at an Alaska university or be an Alaska resident attending school in any state, and be pursuing a bachelor’s or master’s degree or have graduated within the past six months. Applications must be complete, and the cover letter must indicate that the applicant is applying through the APFC Partner Internship Program. Applicants should include their anticipated graduation date and current GPA on their resume or cover letter. Applicants who meet APFC’s Alaska eligibility and GPA requirements will be forwarded to Pathway Capital Management after the application period closes.

Requirements

• Be a junior or senior at an accredited college or university; seniors receive priority.
• Pursue a bachelor’s degree in business, finance, economics, business economics, or a related field.
• Have a minimum GPA of 3.0 and a record of high academic achievement.
• Have a strong interest in investments and capital markets.
• Have experience working in Microsoft Excel.
• Demonstrate strong quantitative and analytical skills.
• Demonstrate strong interpersonal, communication, and writing skills.
• Be able and willing to work collaboratively.
• Be detail-oriented, proactive, and resourceful.
• Meet APFC eligibility: be currently enrolled at an Alaska university or be an Alaska resident attending school in any state, and be pursuing a bachelor’s or master’s degree or have graduated within the past six months.
• Submit a complete application with a cover letter indicating application through the APFC Partner Internship Program.
• Include anticipated graduation date and current GPA on the resume or cover letter.

Responsibilities

• Perform quantitative and qualitative reviews of potential private markets fund investments.
• Support in-depth, rapidly moving underwriting of potential direct equity, direct credit, and secondary investments.
• Conduct due diligence analysis, including reviewing financial statements of private markets partnerships, partnership portfolio company valuations, and relative performance.
• Participate in meetings with fund managers.
• Analyze client portfolio performance and diversification.
• Assist with special reporting, research, and due diligence projects on an ad hoc basis.
• Work individually and in teams to compile topical research reports and present findings to Pathway’s senior team.
• Assist the investment team with market research and monitoring client portfolios.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern