Secondaries Internship London 2022

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate, and hedge funds—on behalf of institutions, advisors, and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,400 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $460 billion in client assets as of December 31, 2021.

Investing in private markets is an important component of Neuberger Berman’s business strategy. NB Private Markets has been an active and successful private equity investor since 1987. NB Private Markets manages over $86 billion of investor commitments across primary fund investments, secondary investments, direct equity co-investments, private debt and various specialty strategies since inception through 2021. NB Private Markets was recognized as Private Equity Manager of the Year by the Asset Management Awards 2021 and as Best Fund of Fund Manager by Private Equity Wire European Awards 2021.

Role overview

The successful candidate will be part of the Secondaries team based in London and will work on secondary investments, with the opportunity to work across all traditional private equity strategies of co-investing and fund investing at NB Private Markets, as we believe these disciplines are complementary.

• Secondary Investments: NB Secondaries team has a global presence and a broad investment mandate investing across all sectors in both LP-led and GP-led transactions:
  • LP-led Secondaries – Invests in private equity funds by providing liquidity to investors who intend to sell their limited partner interests in private equity funds
  • GP-led Secondaries – Typically more concentrated and complex investments initiated by the manager of the asset(s) to provide a liquidity option to investors in order to maximize future value creation or accelerate liquidity
• Co-Investments: Invests directly into attractive deals alongside premier private equity firms in their core areas of expertise. Focuses on building high-quality, diversified portfolios of strategic co-investments primarily in buyouts and growth financings on a global basis and across multiple industries.
• Primary Investments: Makes primary commitments to premier private equity funds. Creates diversified portfolios of private equity funds on a global basis and within multiple asset classes, including buyout, growth equity, venture capital and distressed / special situation investments.

What you'll need

We are seeking a driven individual with an excellent academic background, and previous relevant internship / work experience.

Required qualifications include:

• Relevant experience within Private Equity, Investment Banking, M&A, Leveraged Finance, Transaction Services or Consulting
• Excellent academic credentials (both undergraduate / graduate school and GPA)
• Relevant course-work in business, finance and accounting disciplines
• Strong quantitative and analytical abilities, with solid knowledge of valuation techniques, corporate finance topics, and LBO modelling
• Excellent written and verbal English communication skills - must have strong judgement, critical thinking and the ability to articulate and present ideas effectively both orally and in written form
• Fluency in other European languages a plus
• Ability to multi-task with a fine-tuned attention to detail
• Must have team-player attitude and a desire to work on a wide range of projects

We believe this represents an excellent opportunity for an enthusiastic, hard-working professional to initiate her/his career and build up experience in a demanding but rewarding environment.

Primary role responsibilities

• Analyze and conduct comprehensive due diligence on potential secondary investments, including both LP-led and GP-led secondary transactions
  • Gather information and conduct extensive research on private equity investment opportunities
  • Perform in-depth valuation analysis of private equity portfolios and private companies
• Assist in the preparation of due diligence materials for the investment committee
• Meet with investment professionals of private equity firms
• Monitor investments and prepare investor updates

Who you are

• Intellectually curious and agile with a willing to learn about the industry
• Keen attention to detail
• Self-driven, proactive, and striving for continuous improvement
• International mindset with an eagerness to learn and adapt
• Exceptional interpersonal and communication skills both oral and written
• Ability to collaborate and engage across the organization at all levels
• Willing to take ownership of issues and utilize a problem-solving mindset

Job location

• London, UK
• Availability to travel, as appropriate

NB, you need to be able to work full time for the 6 months of this contract. Potential opportunity for full-time conversion to Analyst role at the end of the contract.

Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com.