PE Internship: Boring

Hey everyone,

Over the last two weeks I have been interning at a MM PE fund in the UK. I took a gap year between my undergrad and my masters and this is one of the internships I was lucky enough to land.

So far my tasks have been pretty mundane: lots of sourcing work, preparing industry overviews and overviews of specific companies for meetings. I was promised that one of the analysts would walk me through some modelling and valuation techniques but unfortunately they haven't had the time yet (it is a small fund, around 15 people in total). There is also quite some down time, I have primarily been looking through some of the template models I have access to as well as reading equity reports on relevant industries during this.

Could anyone tell me if it is normal to only have such simple tasks to do during these internships? I understand interns will not be actively building models and sitting in on any major meetings but this seems like a waste of my talents. I have actively been asking for work and have let the investment manager and analyst I am assigned to know as soon as I am available but they seem to busy to assign me any work. I also feel don't feel like I am getting punished for mistakes in the past, the first week I made a few formatting errors on my first jobs but I haven't done so since.

Any insights on this?