2026 Blackstone Private Equity H2 Off Cycle Internship

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.
 

2026 Blackstone Private Equity Off Cycle Internship - London

Business Description:

With $169 billion of assets under management, Blackstone’s corporate private equity business has been a global leader since 1985. We uncover value by identifying great companies and enhancing their performance by providing strategic capital and outstanding management talent. We aim to grow stronger enterprises, create jobs, and enable our portfolio companies to build lasting value for our investors, their employees and all stakeholders.   

Job Description:

Blackstone’s Private Equity group offers off cycle interns the chance to engage in the direct acquisition of large and midsized companies in a variety of sectors worldwide. The investment process develops both the financial skills of investment banking and the strategic thinking of management consulting. As a result, this internship program offers a unique experience among financial firms, enabling our interns to develop a well-rounded and fine-tuned business mind.

Off cycles at Blackstone have the opportunity to participate in all aspects of projects and be staffed on a number of assignments at once. Due to the relatively small size of the professional staff, you can assume integral roles on deal teams. As an off cycle intern you will be involved with the development, structuring and financing of transactions and regularly attend internal meetings, negotiations and due diligence sessions.

Responsibilities may include:

• Financial analysis and modelling
• Investment research
• Competitive analysis
• Assistance in the execution of transactions
• Drafting of memoranda for internal and external use
• Communications with portfolio company senior management

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavours. In addition to strong analytical and quantitative skills, the successful candidate should (have):

• Strong verbal and written communication skills
• Proficiency in accounting and finance concepts
• Excellent attention to detail
• A desire to work in a collaborative team environment with dynamic roles and willingness to contribute to a positive culture
• Firm commitment to personal and professional development
• Intellectual curiosity

The Principles that Matter Most:

• Accountability
• Excellence
• Integrity
• Team Work
• Entrepreneurship

Everything we do is guided by these principles, which define our character and culture; they have been at the core of Blackstone since its inception. These enduring qualities are the shared convictions that we bring to our professional and personal conduct. They are a fundamental strength of our business.

Requirements:

To be considered for the 2026 Off-Cycle Intern position, applicants must meet the following criteria:

• Currently enrolled as an undergraduate or masters student or having just graduated
• CV must include expected graduation month/year and grade and should be in PDF format
• Must be able to start between September/October 2026 and be available for up to six months

Application Process:

Submit application Complete Pymetrics online gaming and video interview Face to face interviews Superday Offer

Please note: This is a sample recruitment process; times and stages may vary between business areas and regions.

• Applications are reviewed on an ongoing basis

If you do not meet these criteria, please see Blackstone’s Careers website for other opportunities that may be available, including other entry level positions.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.