Infrastructure Intern - January 2027 | London

An internship on Ardian's Infrastructure team in London starting January 2027, posted 4 June 2026. Interns assist in the identification, analysis and execution of potential investment opportunities and in the asset management of existing portfolio assets, which the firm says gives a global view of infrastructure private equity from deal sourcing and execution through to asset management and client management. Source

The sector in one paragraph, because the interview will assume you know it: regulated utilities, transport (tolls, airports, rail, ports), social infrastructure such as PFI schools and hospitals, and digital infrastructure - towers, fibre, data centres. A PPP/PFI asset earns a fixed unitary charge whatever the usage, so demand risk is zero; a regulated utility earns an allowed revenue reset by Ofwat or Ofgem every five to eight years on the Regulated Asset Base; a toll road or an airport lives or dies on traffic, and around 80% of greenfield toll roads overstate first-year traffic by 20-30%. Typical covenants sit near ICR above 1.75x and DSCR of 1.3-1.6x; airports trade at 14-20x EV/EBITDA and towers at 20-30x. Source

Token by token: 'Infrastructure' is Ardian's own fund and asset class - you are on the ownership side, so a model ends in a return the firm is accountable for rather than in a pitchbook page. 'Intern' is the band, and here it means one person attached to a deal team rather than a summer class with a training week. 'January 2027' is a hard start month: you must be free from January, and the education line means you must have finished your degree by then rather than be part-way through it.

The team is Ardian Infrastructure. Day to day the intern supports investment teams on financial analysis, valuation and modelling and on internal deal material including investment memoranda and valuation presentations; builds and reviews Excel models covering forecasts, valuation, returns and sensitivities; runs ad-hoc reviews of new deal opportunities and of investment perimeters by country and sector; supports asset management work, which the firm says could mean arranging a debt refinancing or working with management teams and external advisers on growth initiatives; supports the co-investment team; and prepares regular asset management reporting and client communication. Interns are expected to interact frequently with Infrastructure colleagues in other geographies. Source

8 people have held London roles at Ardian Infrastructure since 2018. A desk that size has no place to hide and no class to be part of: you would be the intern, singular, and the people interviewing you are the people you would sit with.

Ardian calls itself a world-leading private investment house managing or advising $200bn for more than 1,920 clients across Private Equity, Real Assets and Credit, with over 1,115 employees in 22 offices across Europe, the Americas, Asia and the Middle East, and it is majority-owned by its employees. Source

63 people have held London roles at Ardian as a whole since 2018, across its infrastructure, buyout, secondaries and private debt teams.

Seven months between the posting date and the January start is a long runway for an off-cycle seat, and it points to a proper process rather than an urgent fill: time for several rounds, a modelling test, and a decision well before Christmas. Practically, that means the seat is probably decided long before January - a row like this is old news by autumn, not a last-minute opportunity.

No deadline is stated and the row has been open since early June. Treat it as rolling and assume the queue is already long; if you want it, the useful move now is a direct application this week plus a note to the recruiter, rather than a polished submission in a month. We do not mark a posting closed without positive evidence, so it stays live here until Ardian says otherwise - but confirm the January seat still exists before you build a plan around it.

Required: outstanding academic qualifications from a leading business school or university and a completed bachelor's or advanced master's degree; relevant prior internships in related fields - the posting names M&A, strategy consulting, leveraged finance, private equity, infrastructure, or transaction services at a leading auditing company - and a good commercial understanding of private equity. Technically: financial statement analysis and valuation techniques, financial modelling and LBO structuring, and the Microsoft Office suite. Fluent written and spoken English is required. The role is classed as Conduct Rule Staff under UK regulation, so the individual conduct rules apply to you from day one. Source

LBO structuring sits in the required technical list for an internship, which tells you the modelling test is real and that they expect you to have built one before. Combined with 'a completed Bachelor's or advanced Master's degree' and 'relevant prior internships', the profile is a graduate with at least one deal-side stint - not a penultimate-year student, and not someone doing their first finance internship.