The Lazard PCA Group has three lines of business:

Secondary Advisory:
Dedicated global team of secondary transaction experts advising predominately on GP-led transactions (single / multi-asset continuation fund, strip sale, tender offer, etc.) and LP-led secondary transactions (sale processes of existing fund positions on behalf of institutional investors)
Experienced advisor on the sale or spin-out of management companies, as well as the leading advisor in the financial sponsor liquidity solution market today
Lazard PCA has advised many of the leading financial sponsors in the world and created many of the structures that are now commonplace in the secondary market
Private Equity and Credit Fund Placement:
Advises private equity and credit firms on raising capital across fund types and structures
Decades of experience and a global network of relationships with relevant sources of capital
Successful capital raising track record with special expertise in complex transactions across a variety of strategies and sectors
Real Asset Fund Placement:
Advises real estate and real asset general partners and fund sponsors seeking to raise capital
Experienced in working with both equity- and debt-focused managers across a range of investment vehicles, including closed- and open-end funds, private REITs, and programmatic joint ventures
Advise on complex assignments involving real estate and real assets fund restructurings
 

Summer Analysts in Lazard's Private Capital Advisory Group will work in one of three separate lines of business within PCA: 1) Secondary Advisory, 2) Private Equity and Credit Fund Placement, or 3) Real Asset Fund Placement.

As part of the Secondary Advisory business line, Summer Analysts will work in tandem with Analysts and Associates during the preparation of a transaction (i.e., drafting marketing materials such as a Confidential Information Memorandum, building a(n) Portfolio / Asset Projection Model(s), preparing the Virtual Data Room, etc.) and during the marketing and due diligence phases of the transaction (i.e., tracking investor outreach, facilitating and answering due diligence questions from potential buyers, participating in update calls with the client, etc.). Summer Analysts will also be required to prepare a pitch presentation during the internship, leveraging projection models, asset-level materials, and GP information from a prior PCA deal.

Across the Private Equity and Credit Fund Placement and Real Asset business lines, Summer Analysts will work with Analysts and Associates during the preparation of a fundraise (i.e., refreshing / drafting fund documentation and marketing materials, preparing the Virtual Data Room, aggregating prospective investor targets, etc.) and during the live fundraise (i.e., tracking investor outreach, facilitating investors’ due diligence processes, participating in update calls with the client and prospective investors, etc.). Summer Analysts will also be required to prepare a presentation during the internship, assessing a potential fund investment opportunity.

Summer Analysts are expected to spend 9 weeks at the Firm.

You’ll need to have:

Current enrollment at a U.S. university and obtaining a Bachelor’s degree with an expected graduation date in December 2027 or May/June 2028
Top academic performance
Motivation, creativity, maturity, and poise
Strong quantitative background
Strong analytical skills
Excellent oral and written communication skills
Strong attention to detail
Ability to multi-task