Search Fund Internship

Hi 

I think it has been discussed a couple of times on this forum but I still want to have a better perspective on my situation. So, I am at a tier 1.5 university in Canada and intend to specialize in finance. I am a freshman and I have recently got offered an unpaid internship at a search fund based in Toronto, and it is a new one. Now, I don't have any issue with the part being unpaid but I'm just concerned about the whole experience itself. Since it's a new fund, I'm not sure if there would be any deals during this tenure and the principal has made it clear that a heavy part of the role would consist of industry research and finding companies. Now, I do not really have any other internship since it is just after my first year but I am planning to learn some LBO modelling and other forms of valuation during this internship, on my own. What do you think? Should I go for it?

Thanks. 

Comments (12)

Apr 15, 2022 - 4:55pm
thebigpot, what's your opinion? Comment below:

Hi, I'm currently finishing my first year at UBC, Vancouver. The nature is not a hundred percent clear to me but they do have a thematic investment approach, I will be informed of the specific set of industries that we are supposed to focus on. The principal has an MBA from a top B-school in Europe and has had ample experiences in consulting, M&A, corporate advisory and restructuring. The principal was working at a mid-size consulting company based in New York before this, for over 3 years. He definitely seems to have some good experience and a solid skillset when it comes to the private space and acquiring companies.

Apr 17, 2022 - 11:12pm
LondonFog+Chocolate, what's your opinion? Comment below:

Hey, I'm a first year at UBC Vancouver as well and alumni / upper years have told me that it's a great way to get your foot in the door. The experience might not be what you expect, but at least you have SOMETHING to talk about in interviews. And who knows, this could be a great opportunity for you to network with other analysts or even with the principles! Hope this helps!

  • Intern in IB-M&A
Apr 18, 2022 - 5:23am

Hey, my first internship was a search fund and I completely recommend the experience if you think that you will have a great fit with the partner/s. In terms of learning, as the place is small I learnt a lot and very quickly, and just from watching discussions between the partners I gained a lot of knowledge. If you think they will be involved in your training, then I wouldn't have any doubts.

Therefore, I would advise you to go for it 100%. For context, it has been the experience that has helped me the most to land a summer internship at a BB.

Apr 18, 2022 - 5:30am
thebigpot, what's your opinion? Comment below:

Thanks for your reply, mind if I drop in a message to know more about the experience?

Apr 20, 2022 - 10:26pm
thevelveteendream, what's your opinion? Comment below:

Hey, I'm an incoming Sauder student (2022). Was wondering if I could pm you to learn more about the classes, extracurriculars to take and how to land internships from Sauder? It'd be a huge help!

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  • Intern in IB - Gen
Apr 21, 2022 - 8:53pm

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