Fall Intern (GP-led) Zurich

Private Equity Secondaries Investment Intern

Kline Hill PartnersGmbH

Zurich Switzerland

Title: Private Equity Secondaries (GP-led) Investment Intern

Starting Date:Q3/Q4 2025

Location: Zurich Switzerland

Duration:6 months

Reports to: SeniorAssociate

Skills: Excel Word PowerPoint Valuation Financial Analysis

Education: Undergraduate or graduate degree at a college or university (please include major GPA and standardized test scores on resume)

Prior Experience:Requires interest in private equity and investment management

Eligibility: Must be eligible to work in Switzerland

Join Elena Laleh (Managing Director) Yannic Herzog (Senior Associate) and Mario Condulmari (Analyst) as part of Kline Hills growing European GP-led investment team.

Company Overview

Kline Hill Partners (Kline Hill) invests in private equity funds private equity-backed companies and other opportunistic transactions primarily by providing liquidity to existing investors via transaction sizes substantially smaller than are typical in the private equity secondary market. Kline Hill seeks to deliver superior risk-adjusted returns by focusing on what it considers to be the least efficient segments of the secondary market to build a broadly diversified portfolio of assets acquired at discounts to their intrinsic value. Kline Hill believes there is a substantial annual volume of these small-deal secondary transactions that is underserved by both large and small secondary funds.
With over $5.4B in assets under management our funds are backed by a blue-chip investor base that includes endowments foundations family offices and other institutional investors. Since our founding we have completed more than 625 transactions transferring over 2950 fund and direct company interests along the way. Together our Core and Solutions strategies make up a platform designed to serve the entirety of the small deal secondary market with capabilities spanning LP fund transfers GP led transactions and secondary direct transactions.
The firm has over 56 employees and maintains offices in Greenwich CT (United States) Zurich (Switzerland) and Manila (Philippines).

Introduction to GP-led Investments

GP-led transactions typically refer to the sale of one or multiple assets from a mature fund to a new vehicle (the Continuation Vehicle or CV) that the existing General Partner (the GP or Sponsor) continues to manage. Such transactions allow GPs to further maximize the value of selected assets by providing them with additional time beyond the term of the fund and often additional capital. At the same time GP-leds offer Limited Partners (LPs) invested in a GPs legacy fund the opportunity to either receive liquidity when the asset is sold to the CV or transfer their stake to the new vehicle. Secondary investors like KHP step in due diligence and price the asset(s) and provide the necessary capital to fund the transaction. A GP-led due diligence looks at the asset(s) and its market(s) in great depth similar to a direct investment due diligence.

Responsibilities/What you will learn:

The Interns main responsibility is to assist the GP-led secondary private equity investment team in conducting due diligence on investment opportunities and to take care of any relevant tasks that accompany the investment teams activity. Specifically the Interns role involves amongst others:

• Develop a basic understanding of the deal dynamics involved in a GP-led transaction spanning across the interaction with transaction intermediaries and General Partners due diligence and pricing of the underlying assets internal investment decision making processes and the closing of a transaction
• Gain analytical skills for assessing the long-term viability of companies the market for their products/services their financing needs and their exit options
• Learn to utilize S&P Capital IQ and Pitchbook databases to perform company and industry analysis (e.g. public and transaction comps)
• Conduct high level screenings of new deal opportunities and present them to the global GP-led team
• Support preparation and analysis of the investment memorandum to be presented to Kline Hills GP-led investment committee
• Help manage the deal pipeline through the companys database
  

Job Skills and Abilities:

• Strong written and verbal communication skills; fluency in English is required
• Should possess a strong work ethic exceptional analytical ability and high level of attention to detail
• Organization skills with ability to prioritize time-sensitive assignments
• Self-starter that will thrive in an entrepreneurial and small team environment
• Demonstrated interest in private equity and investment management financial analysis and valuation techniques
• Understanding of financial statements valuation methodologies and capital structures

What we offer:

• Be part of a global and fast-growing company committed towards partnership
• Join multiple team events and work in a flexible and entrepreneurial setting
• Learn and develop your skills and gain comprehensive insights into Private Equity
• In case of successful collaboration and strong performance we are open to discuss a permanent position after the internship
  

Please reach out to Tram Pham at for any questions you may have.

We look forward to hearing from you!

Required Experience:

Intern