Middle Market PE firms for internships

I am a sophomore at a non-target school who would like to eventually get an internship at a BB as an IBD analyst by the time I graduate. I was just wondering what everyone's opinion is on middle market PE firms, and if anyone has any knowledge of the firms in Detroit? What would be better for someone who wants to obtain a FT position at a top tier PE firm; to get a mid market internship or a BB IBD internship? Thanks

 
Best Response

Huron Capital Partners is the only one I know in Detroit. BB IBD would probably be better than a lower MM PE internship but maybe not a top tier MM PE shop (although you won't find them in Detroit and would be very tough to intern at one anywhere). As a sophomore, take whatever you can get that's decent.

Quarton Partners near Detroit might take sophomore interns.

 

How much AUM? I am working at a boutique M&A advisory shop, I chose it over a small PE shop (invest in companies with 5-50MM in sales and comparable EV). Are you getting any modelign experience?

Try to be assertive, I have only been at my gig for ~2 weeks and I let them know, from early on, what I would like to learn. I suggest you do the same. Good luck. Not too many sophomores have a good internship.

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mhurricane:
How much AUM? I am working at a boutique M&A advisory shop, I chose it over a small PE shop (invest in companies with 5-50MM in sales and comparable EV). Are you getting any modelign experience?

Try to be assertive, I have only been at my gig for ~2 weeks and I let them know, from early on, what I would like to learn. I suggest you do the same. Good luck. Not too many sophomores have a good internship.

I'm not sure about AUM, but the firm invests in companies with 20-80M in Revenues

I'm getting some exposure to modeling but as its my first exposure to this stuff, there is a steep learning curve.

@Mr. Bacon: Thanks for your input!

 

depends, do you go to a decent school with decent recruiting? Shouldn't be too difficult, a PE internship as a sophomore is great experience. Not many people have that, and I personally know a lot of people doing FT/SA IBD with a sophomore PE internship. Your best bet would be to work hard and build trust with your junior/senior co-workers. If they like you and trust you, they can probably help you with SA recruiting next year by introducing you to their contacts. Hope this helps, you're in a good position. Good luck

 

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