Intern, Private Equity (Summer 2027)

FCML Fengate Capital Management Ltd.; Toronto; On-site; CAD 25,000 - 36,000; Full time

Job summary

Fengate Asset Management is seeking a Private Equity Analyst Intern to support investment origination, research and financial analysis within the Private Equity Group. The role involves building models, performing industry and company diligence, and assisting in preparing materials for investment memos and fund reporting.

Ideal candidates are undergraduate students with strong finance fundamentals, at least two years of study in business/economics, and on-track graduation in 2028/2029.

Qualifications

• Undergraduate student with at least 2 years of study in business/economics and strong academics.
• On track to graduate in 2028/2029.
• Prior co-op or internship in finance or related field preferred.

Responsibilities

• Assist building financial models and perform financial analysis for potential investments.
• Conduct industry and company research to evaluate opportunities.
• Prepare investment memoranda in PowerPoint and Excel.
• Support ongoing monitoring of portfolio companies and valuation work.
• Assist with deal pipeline and CRM data updates.
• Contribute to ad-hoc analyses and special projects as needed.
• Collaborate with deal team and portfolio management for strategic initiatives.

Skills

Financial modeling

Industry research

Analytical thinking

Communication

Education

Undergraduate student in business/economics

Tools

Microsoft PowerPoint

Microsoft Excel

CRM system

Job description

COMPANY OVERVIEW

Fengate Asset Management is a leading alternative investment manager focused on infrastructure, private equity, and real estate strategies. Founded in 1974 in Hamilton, Ontario, and with over 250 team members across Canada and the U.S., Fengate is one of the most active real asset and growth equity investors in North America. The firm currently manages over C$10 billion in capital commitments in support of more than C$40 billion in gross asset value, on behalf of over 60 institutional investors across North America, Europe, and Asia. The firm believes that acting responsibly to its stakeholders and communities is fundamental. Fengate is a signatory of both the Institutional Limited Partners Association (ILPA) Diversity in Action initiative and the United Nations-supported Principles for Responsible Investment, integrating environmental, social and governance (ESG) principles into all stages of the firm’s investment process. In 2021, Fengate established its ESG Committee and its EBID (Equity, Belonging, Inclusion and Diversity) Think Tank, consisting of leaders and employees of all backgrounds and levels throughout the firm, to advance and govern the ESG and EBID objectives. Fengate has achieved Platinum Club member status as one of Canada’s Best Managed Companies, retaining this designation since 2007, and has been certified as a Great Place to Work®. Over the past year, Fengate was named one of Canada’s Best Workplaces™ (#4 for companies with 100-999 employees) and as a Best Workplace™ for Financial Services & Insurance, Inclusion, Women, Today’s Youth, Mental Wellness, Giving Back, and Most Trusted Executive Teams. The firm has also been recognized with Waterstone Human Capital’s 2022 Most Admired Corporate Cultures™ award. This program recognizes best-in-class organizations for having cultures that have helped them enhance performance and sustain a competitive advantage. Only 50 organizations are awarded this prestigious corporate culture award each year.

Position & Successful Candidate Profile

• Company: Fengate Asset Management
• Title: Intern, Private Equity
• Reports To: Manager, Private Equity
• Term: May-August 2027
• Location: Toronto

OPPORTUNITY

As a Private Equity Analyst Intern, you will have a role working with the investment and origination teams within the Private Equity Group. The principal focus of this position will be researching and analyzing a variety of industries and investment opportunities, assisting with the execution of transactions, and supporting the investment team in building strategy initiatives for existing portfolio companies. The role will also expose you to origination activities, financial reporting, tax and compliance related activities within the investments and funds. The position will require the candidate to work with members across the Private Equity team, comprised of 20+ investment, origination, and administration professionals. Fengate is looking for a candidate who has a strong finance foundation coupled with interest and experience in research and investing. Fengate is looking for self-starters, with strong analytical and critical thinking skills, and excellent interpersonal, communications and collaboration skills.

KEY RESPONSIBILITIES

• Assist the team with building financial models and conducting financial analysis for potential investments.
• Perform industry (e.g., competitive positioning, SWOT, supply chain, customer segmentation, etc.) and company research and diligence (e.g., operational, financial, commercial) to evaluate potential industries and investments.
• Assist in preparing investment memorandum materials in Microsoft PowerPoint and Excel.
• Participate in the ongoing management and performance monitoring of existing portfolio companies, including assisting in the internal valuation process (e.g. precedent and comparable trading analysis).
• Assist the deal team and portfolio companies’ management teams to implement initiatives and strategic decisions.
• Assist with the preparation of financial statements, fund reports and investor notices for the respective funds.
• Manage and maintain the deal pipeline within the Private Equity team’s CRM system, while contributing to ongoing initiatives aimed at enhancing the efficiency and usefulness of the tool.
• Ad-hoc analysis as well as special projects as required.

KEY QUALIFICATIONS

• Applicant must be an undergraduate student having completed at least 2 years of study in a business/economics program, with excellent academic performance.
• Applicant must be on track to graduate in 2028/2029.
• Previous co-op term of meaningful work experience is preferred, ideally in one or more of private equity, principal investing, investment banking, corporate development, capital markets, and/or management consulting.

CORE COMPETENCIES

• Being Authentic – Inspiring trust and being courageous.
• Focusing on Performance – Being accountable and driving results.
• Understanding Stakeholders – Knowing the needs of those who rely on you.
• Building Effective Relationships – Collaboration and communication.

Equal Opportunity and Inclusion

Fengate is an equal opportunity employer, we strive to attract and retain a diverse workforce and are committed to promoting diversity, equity, inclusion, and belonging in the workplace. It is a core priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in. We are committed to providing accommodation for persons with disabilities. If you require accommodation, we will work with you to meet your needs.

It's not just words when we say our core values are People, Excellence and Growth. They're what drives our success