APFC External Partner Intern - Pathway Capital Management, LP

Alaska Permanent Fund Corporation • Irvine, CA

9d • Hybrid

About The Position

Pathway Capital Management, LP, a leading institutional investment management firm that creates and manages specialized private markets solutions for institutional investors worldwide, is seeking Senior Investment Interns. Interns analyze potential investment opportunities across private equity, private credit, and infrastructure, including funds, secondaries, direct equities, and direct credits. They also support investment-team market research and client portfolio monitoring, working 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 position is based in Irvine, California, or Providence, Rhode Island. The stated schedule is 40 hours per week, with remote work on Fridays. Interns are responsible for arranging their own travel and housing. Public transportation is available at the Irvine location. Applicants should include their anticipated graduation date and current GPA on their resume or cover letter, and cover letters must state that they are applying through the APFC Partner Internship Program.

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.
• Demonstrate a strong interest in investments and capital markets.
• Have experience working in Microsoft Excel.
• Have strong quantitative and analytical skills.
• Have strong interpersonal, communication, and writing skills.
• Be able and willing to work in a collaborative environment.
• 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.
• Include anticipated graduation date and current GPA on the resume or cover letter.
• State in the cover letter that the application is through the APFC Partner Internship Program.

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 analyzing financial statements of private markets partnerships, reviewing partnership portfolio company valuations, and assessing 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.
• Compile topical research reports and present findings to Pathway’s senior team, working both in teams and individually.

What This Job Offers

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