Searchfund

Hi, I’m a first year that has been looking for a searchfund internship for during the school year, does anyone have any advice or tips to land one. I’ve already been cold emailing and it seems like it’s goong no where I’ve sent only 50 out but no responses. Any advice would be greatly appreciated.

5 Comments
 

To improve your chances of landing a search fund internship, here are some actionable tips based on the most helpful WSO content:

  1. Refine Your Cold Email Strategy:

    • Personalize your emails. Avoid generic templates and tailor each email to the recipient by referencing their background, firm, or recent deals.
    • Use a professional email address and ensure your subject line grabs attention (e.g., "Interest in Supporting [Firm Name]'s Search Efforts").
    • Keep your email concise and impactful. Highlight your relevant skills, academic background, and genuine interest in search funds. Attach your resume and, if possible, include a short investment case or example of your analytical work.

    Example Template:

    Dear [Recipient's Name], My name is [Your Name], and I am a [Year] student at [University Name], majoring in [Your Major]. I am reaching out to express my interest in supporting [Firm Name]'s search efforts as an intern. My background in [specific skills or experiences, e.g., financial modeling, market research] aligns with the analytical and operational needs of search funds. I have attached my resume for your review and would love the opportunity to discuss how I can contribute to your team. Please let me know if you have availability for a brief call. Thank you for your time and consideration. Best regards, [Your Name]
  2. Follow Up Strategically:

    • Follow up 5–9 days after your initial email if you don’t receive a response. Keep it short and reiterate your interest.
    • Example follow-up:

      Dear [Recipient's Name], I hope this email finds you well. I wanted to follow up on my previous email regarding internship opportunities at [Firm Name]. I remain very interested in contributing to your search efforts and would appreciate the chance to discuss how I can add value to your team. Thank you for your time, and I look forward to hearing from you. Best regards, [Your Name]
  3. Expand Your Outreach:

    • Increase the volume of your emails. Sending only 50 emails is a good start, but search fund opportunities often require reaching out to 100+ firms.
    • Use tools like Hunter.io to find email addresses and LinkedIn to identify decision-makers (e.g., VPs, MDs, or founders).
  4. Leverage Networking:

    • Attend campus recruitment events or finance-related networking sessions to meet professionals in the search fund space.
    • Use LinkedIn to connect with alumni or professionals in search funds. Request informational interviews to learn about their experiences and subtly pitch your interest.
  5. Be Persistent and Resilient:

    • Remember, success often comes with persistence. Many users on WSO have shared that they secured internships after sending 60+ emails and following up multiple times.
    • Keep refining your approach based on feedback or lack of responses.
  6. Prepare for Technicals:

    • Be ready for potential technical assessments or case studies. Brush up on financial modeling, market research, and investment analysis skills.

Finally, don’t get discouraged. As one WSO user wisely noted, “You only need one ‘yes.’” Keep hustling, and your efforts will pay off!

Sources: Two Internships Later: What I wish I Knew While Recruiting! (Toronto), https://www.wallstreetoasis.com/forum/job-search/cold-emailing-to-ask-for-internship-template-advice?customgpt=1, Some advice on getting a job or internship by Monty09, How to get a Hedge Fund Internship

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

Why are you specifically targeting search funds? Is there something you think you will gain from a search fund that you won't get in a normal IB/PE internship? 

I ask these two questions as I think a lot of "Searchers" are not going to have the time to coach an intern and/or not have much work for an intern to really do. What are they going to trust an intern with? Modeling? Operations? Board Presentations? 

Realistically, you are probably going to gain more skills from working at a local boutique IB firm or small fundless PE shop (think 3-5 portcos). If you really want to target search funds, you have to target the capital providers which then at some point these then will look like normal PE internships. Happy to answer any questions you have. 

 

Hey thanks for the advice. The main reason why I thought of a searchfund is because I’m at a semi target Canadian school for Bay Street, I just started getting interested in finance around later in highschool so my resume is pretty lacklustre with only a part time job, some sports and volunteering. Unfortunately I didn’t get into my schools finance club during the first wave of hiring, I’ve heard that working a search fund during the year is a great way just to learn a little and have something on your resume to show you are interested and talk about. Right now now for the summer I have a offer at a Canadian corporation in their finance department but I’ve been cold emailing local shops and stuff but no luck so far. I just thought that having the searchfund would help build my resume early since it sucks right now and maybe having that on top of a corporate finance internship would look better for future employers. If you have any more advice I would love to hear it and I would really appreciate it.

 

your corp finance internship will be 10x more valuable than a search fund internship, most search fund internships are just glorified cold email roles

 

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