Summer Analyst Intern - Private Capital Advisory

Lazard is one of the world’s preeminent private capital advisory and asset management firms. Our people and culture make the difference. While global in presence and reach, ours is a close, collaborativecommunity of just over 3,000 professionals. Lazard is a place of continuous knowledge sharing, skill development and relationship building, where professionals grow and succeed together. Our entrepreneurial culture, flat structure and embrace of individual differences, allow creative ideas, original concepts, and unique perspectives to drive our business forward — and for careers to take flight. 

Lazard CL is the global leader in private capital advisory, formed through the combination of Lazard's Private Capital Advisory group and Campbell Lutyens — two of the longest-established franchises in private markets.

Together, more than 300 advisory professionals operate from 19 locations across North America, Europe, the Middle East, and Asia-Pacific, giving clients an unmatched combination of global reach, deep specialization, and market connectivity.

We advise clients across the full private capital lifecycle — from fund formation to liquidity to strategic alternatives — through an integrated platform spanning primary fund raising, secondary advisory, and GP capital advisory, across private equity, private credit, infrastructure, and real estate.

Built with a deep understanding of private markets, our platform is differentiated by integration. Specialists across every discipline and asset class work together, giving clients a holistic view of their fundraising, liquidity and strategic needs at every stage. This connectivity extends to thousands of institutional investors globally, and to Lazard's leading financial advisory business offering M&A, strategic, and restructuring advisory solutions to clients.

Lazard CL has three lines of business:

• Primary Fundraising: 

  • Advises GPs across private equity, private credit, and real assets, from the largest, most established managers to emerging and lower-middle-market sponsors raising their first or second funds 

  • Track record spanning 35+ years, anchored in a dedicated global distribution team of 60+ professionals connecting to leading institutional investors across every major capital center

  • Fundraising teams sit within the same platform as secondary advisory and GP capital advisory, giving clients perspective on a wider range of structuring and liquidity options

• Secondary Advisory: 

  • Our dedicated global secondaries team advises sponsors and institutional investors across private equity, private credit, and real assets on both sides of the market, and has advised on over $100 billion of GP- and LP-led transaction volume over the past two years across asset classes well beyond traditional private equity.

    • GP-led transactions: Single- and multi-asset continuation vehicles, tender offers, strip sales, and preferred equity structures
    • LP-led transactions: Portfolio sales, stapled transactions, and structured solutions for institutional investors
    • Direct capital raising: Co-investment syndications and single-asset, deal-by-deal raises, executed alongside primary fundraises or on a standalone basis
       

• GP Capital Advisory: 

  • The GP Capital Advisory (“GPCA”) team advises clients on transactions and strategic initiatives involving alternative asset managers across private equity, private credit, and real assets at the management-company level.  The team advise on both the buy-side and sell-side, with their most common engagements involving the sale of minority equity interests (“GP stakes”), the placement of structured/preferred financing securities, and control M&A.  

  • Sell-side clients are Founders and other senior decision makers at alternative asset management firms.  Transaction counterparties, many of which the team advise on the buy-side, comprise:

    • Specialist GP stake investors, with dedicated capital to deploy

    • Traditional and alternative asset managers, seeking investment capability expansion

    • Insurers, banks, and other financial institutions, seeking preferred access to investment capabilities or exposure to capital-light earnings streams

Summer Analysts in Lazard CL will work in one of three separate lines of business: 1) Primary Fundraising, 2) Secondary Advisory, or 3) GP Capital Advisory. 

As part of the Primary Fundraising business line, Summer Analysts will work on the preparation of a fundraise (i.e., refreshing / drafting fund documentation and marketing materials, preparing the virtual data room, aggregating prospective investor targets, etc.) and during the live fundraise (i.e., tracking investor outreach, preparing weekly materials, facilitating investors’ due diligence processes, participating in update calls with the client and prospective investors, etc.). Summer Analysts will also help screen opportunities and complete due diligence on potential client opportunities, research, track and map the private equity, infrastructure, private credit, and real assets markets, and capture market information gathered for clients in the firm’s proprietary CRM.

As part of the Secondary Advisory business line, Summer Analysts will contribute during the origination and preparation of a transaction (i.e., performing portfolio analysis, drafting marketing materials such as a Confidential Information Memorandum, building fund and Portfolio / Asset Projection Model(s), preparing the Virtual Data Room, etc.) and during the marketing and due diligence phases of the transaction (i.e., tracking investor outreach, interacting with investors and fund managers, facilitating and answering due diligence questions from potential buyers, analyzing bids and preparing client presentations, participating in update calls with the client, etc.). Summer Analysts will also provide ad-hoc support on internal initiatives and origination efforts. The role provides the opportunity to develop a strong understanding of the private equity industry, secondary market dynamics and the nuances of running sell-side advisory mandates.

As part of the GP Capital Advisory business line, Summer Analysts will work on the origination and execution of M&A transactions and other strategic advisory mandates involving private markets asset managers. Typical workstreams will include drafting marketing materials (such as Confidential Information Memorandums and Opportunity Teasers), preparing virtual data rooms, creating and maintaining bidder trackers, and preparing ad hoc analysis as required.

Summer Analysts are expected to spend 9 weeks at the Firm.

You’ll need to have:

• Current enrollment at a U.S. university and obtaining a Bachelor's degree with an expected graduation date in December 2028 or May/June 2029. 

• Top academic performance 

• Motivation, creativity, maturity, and poise

• Strong quantitative background 

• Strong analytical skills

• Excellent oral and written communication skills 

• Strong attention to detail

• Ability to multi-task

What we offer

You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm.

We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career. 

We expect the annual base salary for this role to be approximately $120,000 USD, prorated for the duration of the internship. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant’s years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, relevant skills for the role, and if applicable, the location in which the applicant lives and/or from which they will be performing the job. 

Does this sound like you?

Apply! We’ll get in touch on the next steps. 

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Job Opportunities at Lazard

Representation at Lazard

Lazard is an intellectual capital business committed to delivering the best advice and solutions to clients. To achieve these objectives, we focus on attracting, developing and retaining the best talent. We believe that a workforce comprised of people who represent a wide array of backgrounds, experiences and perspectives creates a rich variety of thought that empowers us to challenge conventional wisdom, solve problems creatively and make better decisions.

Lazard was built on the premise that a multicultural firm can best serve a global clientele. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respecting and appreciating individual differences. Doing so has been core to our success for over 175 years. We are committed to sustaining an environment where every colleague is supported in their professional pursuits, can maximize their individual potential and contribute to our collective success.