July 2026 - Intern Private Capital Advisory (PCA) - Secondaries

Paris

Financial Advisory

Off-cycle Internship

Lazard is one of the world's preeminent financial advisory and asset management firms.
Our people and culture make the difference
. While global in presence and reach, ours is a close, collaborative community 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.

Through our financial advisory business, Lazard advises clients around the world on strategic and financial matters including mergers and acquisitions, restructurings, capital structure and capital raising. Our client relationships are built on trust and discretion. As the world's largest advisory-focused firm, we have exceptional depth of expertise across industry sectors and geographies. We value the rich diversity that comes from blending local perspective with our global network.

Lazard Private Capital Advisory ("PCA")
is a global business with 9 offices across the U.S., Europe and Asia. The team is comprised of over 80 professionals across two core markets: primary fundraising and secondary advisory. PCA clients include a broad of range of leading private equity, real estate, debt and infrastructure managers and investors who pursue investment opportunities within these alternative investment spaces. Lazard PCA is a recognized leader in these markets and one of the longest tenured firms operating in the space.

Secondary Advisory:
Lazard advises (i) institutional investors ("LPs") seeking to generate liquidity from their alternative investment portfolios and (ii) sponsors across private equity, real estate, credit, etc. ("GPs") seeking to return liquidity to their investors in the form of GP led secondary solutions. Lazard advises our clients on these transactions through, amongst other things, the preparation of materials, financial modelling, new investor / buyer outreach and interaction, process management, etc.

We are seeking an intern from July 2026 for a 6 month-period. The position is based in Paris.

We'll trust you to undertake/assist with:

• The building of information materials on companies we are marketing as part of both LP-led and GP-led secondaries processes
• The new investor / buyer outreach process as part of live transactions
• Financial modelling of companies in both LP-led and GP-led secondaries processes (LBO / DCF) as well as fund level modelling for our sponsor clients
• The preparation of presentation materials and pitches for prospective clients
• Communicating across M&A teams we are working with on processes as well as the broader PCA team globally
• General transaction management on live processes
• Creating our bi-annual secondary market updates that are published externally

You'll need to have:

• Relevant work experience (investment banking, private equity, consulting, transaction services, etc.)
• Secondaries experience preferred but not essential. Candidates without secondaries experience will ideally be expected to have done some research into the market prior to interviews though
• Training and baseline skills in the building of presentation materials and financial modelling. We will provide additional training but some baseline skillset to work with would be preferred
• Proven academic excellence
• High energy individual with a strong ambition to excel in their career
• Strong interpersonal & communication skills
• Team player mindset. Ability to work well as part of a close-knit team
• Strong written communication and analytical skills, excellent attention to detail and high standards of accuracy
• The ability to maintain high standards of professional and ethical conduct, adhere to legal and regulatory requirements and follow Lazard policies and procedures
• Be fluent in French and English is essential

What we offer:
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.

Does this sound like you?
Apply We'll get in touch on the next steps.

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.