Summer Private Debt Intern: LBO & Credit Modelling

Principal International; New York (NY); On-site; USD 40,000 - 55,000; Full time

Benefits offered by this job

Intern stipend

Tax gross-up on stipend

Job summary

Principal Asset Management is seeking Interns for the Lower Middle Market Direct Lending program for Summer 2027. You will gain hands-on experience on live transactions across sectors, assisting with due diligence, credit underwriting, execution and portfolio monitoring.

You are pursuing a degree in finance or accounting, with a Spring/Fall 2028 graduation, a GPA of 3.5+, and the ability to build three-statement and Leveraged Buyout models.

Qualifications

• Candidates pursuing a degree in finance, accounting, or related field.
• Strong financial modeling abilities including three-statement models and LBOs.
• GPA of 3.5 or higher is preferred.

Responsibilities

• Assist in evaluating new leveraged buyout transactions and investment opportunities.
• Build financial models and perform downside analyses for borrowers.
• Help prepare investment committee materials and support deal teams.
• Work with Senior Underwriters on transactions and receive real-time feedback.
• Monitor portfolio company performance and assist with covenant tracking.
• Participate in due diligence including business and industry research.

Skills

Financial modeling

Deal evaluation

Due diligence

Education

Pursuing degree in finance or accounting

Graduation Spring/Fall 2028

GPA 3.5+

Job description

Principal Asset Management is seeking Interns for the Lower Middle Market Direct Lending program for Summer 2027. You will gain hands-on experience on live transactions across sectors, assisting with due diligence, credit underwriting, execution and portfolio monitoring.

You are pursuing a degree in finance or accounting, with a Spring/Fall 2028 graduation, a GPA of 3.5+, and the ability to build three-statement and Leveraged Buyout models.