With more than C$16 billion AUM and offices in Montreal, Toronto and New York, Novacap is a leading North American private equity firm with a long-standing track record of partnering with entrepreneurs and management teams to build market-leading businesses.
The firm invests exclusively through four buyout strategies: Industrials, Financial Services, Digital Infrastructure, and Technologies, each with dedicated fund capital and clearly defined investment criteria.
Each strategy is sector-led and thesis-driven, combining deep operating and investment expertise with an active ownership mindset to support growth, transformation, and long-term value creation.
Please note that we are accepting applications for Winter 2027 internships from August 27 to September 8, 2026, inclusive.
Learning opportunities for the student
Novacap will offer an exciting opportunity to work and learn about the entire investment process from identification, to validation and realization of an opportunity.
The Private Equity Intern will have the opportunity to attend business development meetings and see how new investment opportunities are sourced, evaluated and due-diligenced. He/she/they will also attend portfolio management meetings to see the value creation process in portfolio companies and how professional fund managers deal with arising business issues and problems.
The student will gain valuable skills in financial modelling, business valuation, market research and due- diligence; and will work within Novacap’s team of experience professionals whom have strong financial backgrounds in M&A, due diligence, business valuation, investment banking and operations.
Key responsibilities
As a Private Equity Intern you will:
- Screen and analyze potential PE investment opportunities;
- Prepare financial analyses and due diligence on potential PE investments;
- Assist in the preparation of investment recommendation documents for investment approval;
- Assist in post-investment monitoring and operations of PE investments;
- Prepare financial models that include an IRR analysis; and
- Prepare reports on specific target markets (e.g. market size, # of players, dynamics, recent M&A transactions)
Required qualifications and skills
- Enrolled in a Bachelor of Commerce or Master’s in Finance or; MBA or; Economics or Engineering while pursuing a minor in Finance;
- Entrepreneurial spirit with a strong sense of accountability as well as a willingness to work certain periods of extended hours to accommodate tight deadlines;
- High academic achievement;
- High level of proficiency with computer tools such as MS Office (namely Excel and Power Point);
- Bilingual, english and french.
Skills Required
- Enrolled in a Bachelor of Commerce or Master's program in Finance, MBA, Economics, or Engineering with a minor in Finance
- Entrepreneurial spirit and strong sense of accountability
- Willingness to work extended hours during periods with tight deadlines
- High academic achievement
- High proficiency with Microsoft Office, especially Excel and PowerPoint
- Bilingual in English and French
What We Do
About Novacap Founded in 1981, Novacap is a leading Canadian private equity firm with more than C$10B of AUM that has invested in more than 90 platform companies and completed more than 140 add-on acquisitions. Applying its sector-focused approach since 2007 in TMT, Industries and now Financial Services, Novacap's deep domain expertise can accelerate company growth and create long-term value. With experienced, dedicated investment and operations teams as well as substantial funding, Novacap has the resources and knowledge to build world-class businesses. Novacap has offices in Brossard, Quebec and Toronto, Ontario. For more information, please visit www.novacapcorp.com.
