I'm looking for internship and I came across New Century Capital Partners. They have a pretty rough internship program: full-time (70+ hours) and unpaid, which is kind of crazy. They seem to take non-target kids from local state universities. The founder also recently started a PE fund called El Toro Capital Management. Deal flow seems OK. Anybody had experience with them or have some more insight on the firm?
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What said it’s 70 hours, just wondering
I can speak a little bit about the culture of the firm (source: friend interviewed for NCCP’s student internship). He had a phone call with a partner and told me it was the worst interview he ever had. Partner spent 2 minutes on the interview, asked if my friend had other offers, to which he replied “not right now” and the partner went on a rant accusing my friend of using NCCP’s offer in the future to get an offer at another place and hung up.
I don’t know why anyone would want to work 70 hours unpaid, makes no sense. Heard deal flow is pretty bad and there’s no culture (doesn’t help that people at the top are obnoxious). If you are hell bent on working for free, there are lot more search funds and boutiques in LA that will take you, don’t spend your time at NCCP.
Would argue against that... Personally, I went through the program while being a full time student, so it's definitely not 70+ hours. NCCP/ETC(their PE fund) is the place to be if you want to learn. You are given responsibilities of an associate or a VP at other middle market PE shops, and it's honestly mindblowing of how much I learned from that internship. Moreever, I am able to leverage that experience to gain traction at many banks as a non target student. Would def apply!
I'm currently in the first round of interviews and would like to know more about the process and your experience at NCCP?
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