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Fund Monitoring and Origination - Intern

New York, NY, United States

Department: Fund Monitoring and Governance Intern

Location: New York, NY

iCapital is transforming investing in private equity, private credit, real estate, hedge funds, and structured investments by removing the roadblocks that have prevented greater participation in these private strategies. Join the Fintech company that is disrupting how individuals invest in private capital markets. iCapital services approximately $206 billion in global client assets invested in 1,679 funds, as of October 2024.

Join us this summer and make a meaningful impact while developing your professional skills in a dynamic team environment. Help shape the future of Fintech in the global Alternative Investment space.

Key features of our summer internship:

  • Become a key member of the iCapital team, driving initiatives, contributing to projects, and potentially jumpstart your career with us after graduation.
  • Immerse yourself in an inclusive company culture where we create a sense of belonging for everyone.
  • Gain exclusive access to the AltsEdge Certificate Program, our award-winning alternative investments education curriculum for wealth managers.
  • Attend recurring iLearn seminars and platform demos where you will learn the latest about our products.
  • Participate in an intern team project, culminating in an end-of-summer presentation to a panel of senior executives.
  • Join senior executive speaker seminars that provide career development, guidance, and access to the leaders at iCapital.

About the role:

The Fund Monitoring and Governance teams oversee iCapital’s private access funds across asset classes, including private equity, private credit, and real assets. The Fund Monitoring team manages the investment monitoring of private markets portfolios, while the Governance team reviews, evaluates, and approves specific actions for the private access funds. This internship involves assisting both teams with various projects.

  • Monitor feeder and underlying fund performance across our private equity, private credit, and real asset offerings.
  • Prepare clear and concise call summaries and talking points.
  • Conduct performance analytics and fund-level financial modeling.
  • Keep track of broader macro thoughts and trends through interactions with our fund managers.
  • Maintain and update our internal Confluence fund monitoring database.
  • Track corporate actions and requests from underlying funds.
  • Coordinate investor communications for certain corporate actions and requests.
  • Manage agenda items for weekly Oversight Committee meetings.
  • Assist with secondary sales of assets within feeder funds, including analyses of funds and pricing.

Valued qualities and key skills:

  • Inquisitive, collaborative, and proficient in problem-solving with a strong interest or foundational knowledge in financial markets
  • Able to perform well in fast-paced environments, adaptable to new responsibilities, and capable of managing competing priorities
  • Proficient in Microsoft Office (Excel, PowerPoint) with experience or coursework in financial analysis and modeling; understanding of valuation methodologies (DCF, peer comps, etc.) is a plus
  • Possess foundational knowledge of financial markets
  • Strong verbal and written communication skills, professional attitude, and willingness to work in dynamic entrepreneurial settings
  • Capable of handling multiple tasks, prioritizing assignments, and operating with a project management mindset
  • Interest in learning about the alternative investment landscape

What we offer:

  • Outings with iCapital team members and fellow interns to build connections and grow your network.
  • Corporate culture and volunteer activities in support of the communities where we live and work.
  • Rooftop Happy Hours showcasing our impressive views of NYC.

Eligibility:

  • A rising junior or senior in a U.S. college/university bachelor’s degree program
  • Committed to working five days a week in the New York City office for the entire duration of the internship
  • Authorized to work in the United States*

*We are unable to offer any type of employment-based immigration sponsorship for this program

Pay Rate: $41.00/hour + relocation stipend and transportation stipend

iCapital in the Press:

We are at the cutting edge of using technology to democratize investing in alternatives, but don’t take our word for it. Here’s what others are saying about us:

  • Seven consecutive years on the Forbes Fintech 50 list, which highlights the most innovative private companies in personal finance, investing payments and crypto assets
  • Three-time selection to Forbes’ Best Startup Employers List
  • Four-time winner of the Money Management Institute/Barron’s Solutions Provider of the Year

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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