Closes Wed 30 September
This is UBS's 2027 Off-Cycle Internship in the Private Funds Group (PFG) inside its Global Banking business, in London. The paid internship lasts three to six months. One line of the body text says '2026 Off Cycle Internship Program' where the title and heading say 2027; treat that as a carried-over line rather than a second programme. Source
'Private Funds Group' is the team that advises fund managers rather than companies. The work described: supporting origination across the group's verticals and contributing to pitch presentations; primary fundraising, working with GP clients through a fundraise from preparation to final closing; liquidity and strategic solutions, meaning restructuring funds and helping institutional investors liquidate or monetise holdings; and real estate, covering fundraising, advisory, restructuring and recapitalisation assignments across property sub-segments. The team also provides distribution and general marketing support across those verticals. Source
Read PFG as placement agent plus secondaries adviser, sitting inside the investment bank. Your clients are private equity and real estate managers raising a fund (the 'GP clients'), and the investors buying or selling stakes in those funds. It is a route into private markets that does not go through a coverage group, and the skills (fund terms, track-record analysis, investor mapping) transfer to a job at a fund's investor relations or secondaries desk as readily as to banking.
Nothing attaches this posting to a named team node, so the description below comes from the advert itself.
You would work in the Global Banking Private Funds Group in London. The bank says you would gain in-depth knowledge of the primary and secondary fundraising markets and of the real estate sector, and play a role in advising clients on market and strategic matters including primary capital raises and secondary market solutions. Source
84 people have held London roles at UBS's IBD since 2018, the division PFG sits inside. there is no separate count for the Private Funds Group, so read that as the wider banking population rather than this team.
UBS describes itself as a firm with a truly global footprint, says it uses artificial intelligence to work smarter and puts collaboration at the centre of how it works, and states it is an equal opportunity employer that offers reasonable adjustments through the recruitment process. Source
253 people have held London roles at UBS as a whole since 2018, against 84 in IBD, so investment banking is the largest single destination for the bank's London hires.
Recent graduates are admitted up to six months before the internship start, and a successful internship may lead to an offer to return for the Graduate Talent Program after your studies. Source
A team-specific off-cycle advert posted at the start of September with its own deadline reads as a group filling its own seats inside the annual campus round. Expect a small number of places and interviewers from the team itself.
Four weeks from posting to the 30 September deadline, with the bank's usual warning that it may close early: apply in the first two weeks and say in the application which of the three verticals (primary fundraising, secondaries, real estate) you want and why.
You should be in the penultimate or final year of your degree or have graduated no more than six months before the internship starts; be on track for a 2:1 (UK system) or equivalent in your first undergraduate degree; be able to show how experimental and responsible use of AI can improve outcomes and efficiency; and have values the bank lists as hard-working, trustworthy, dedicated and collaborative, with strategic thinking, strong communication and the motivation to work to tight deadlines. All majors are welcome, with an interest in the financial industry expected. Source
Nothing in the requirements asks for private markets knowledge, but the job is entirely about funds, so a candidate who can explain what a GP, an LP and a secondary are, and why an investor might sell a fund stake early, is ahead of one who only knows M&A. Learn those four things before the interview.
4 people. Their role, the page the firm names them on, and how to reach them
Search their name and the firm on LinkedIn.
The route that always works, and the one they are most likely to read.
The firm publishes this person, and publishes no address we could read for anyone here, so there is no pattern to show you either. Search their name and firm on LinkedIn and write from your own account.
3 more people, in the same shape as the one above.
Next: read the briefing above, then sign in and track UBS so you hear within the hour when it posts again.