Unpaid PE internship?

I have 3 interviews for unpaid internship.

1. PE firm in San Francisco 6 weeks unpaid with possibility of FT offer upon completion. It is a boutique PE firm established in 2009, which has 7 acquisitions under its current portfolio and 3 that were sold in IPO.

2. PE equity placement and advisory for investors in NYC. It is a 10 weeks internship, since it isn't a PE firm but placement for investors funds, the positive side is networking with PE companies partnering with this firm (Some interns landed a job with partnering firms). The firm has been in business since 1990.

3. Blackmore Partners in Chicago, I have seen negative reviews about the slavery practice there; I will turned down the interview because 6 months unpaid is crazy.

Which of option 1 and option seems the most appropriate for a possible FT PE analyst opportunity?

Thanks!

 

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