Investment Analyst Intern

Internship - Investment Analyst – Five Arrows Growth Partners – January / March 2026 Country   France Division   Five Arrows Programme   Long Term Internship Duration   6 months Programme Description   This Paris-based 6-month internship starting in January or March 2026 is an exciting opportunity to intern with Five Arrows Growth Partners (FAGP - formerly known as Five Arrows Growth Capital), which is part of Rothschild & Co’s European corporate private equity business.The FAGP team (with offices in Paris, London, NY and SF) currently deploys its second investment vehicle (€1bn+)  through growth investments and small cap buy-outs in fast-growing SMEs, in Europe and North America. FAGP focuses on the following verticals: data and software (Kpler, Padoa, Kidskonnect, Agilio, Intact Systems, Hublo), healthcare (Biophorum, Schivo Medical) and tech-enabled business services. These enterprises have robust market positions and their business activity and business model allow to have a clear visibility on their operational and financial performance.Rothschild & Co’s European corporate private equity business is composed of 3 strategies: Five Arrows Principal Investments (FAPI), Five Arrows Long Term Fund (FALT) and Five Arrows Growth Partners (FAGP). FAPI manages c. €2.5 billion through its latest fund and is the flagship private equity / buy-out vehicle investing in mid-cap companies while FALT makes investments in larger companies for longer-term holding periods, and FAGP invests in fast-growing SMEs. All three funds are focused on investments within Europe and North America, primarily investing in three main verticals: data & software, healthcare and technology-enabled business services.Responsibilities :The FAGP Investment Analyst internship provides an insight into all aspects of direct investment in growth equity:Evaluating potential investment targets through primary and secondary research: organization of expert calls and presentation of opportunities by the intern to the teamUnderstanding of the business model and competitive landscape of potential targets in line with FAGP’s investment strategyFinancial analysis, valuation and modelling for both minority investments and LBOsParticipating in the preparation of investment committeesPortfolio monitoring (financial reporting, review of build-up opportunities etc.) Qualifications and skills required :Strong interest in growth capital and the tech and healthcare sectorsStrong analytical and summary skills, solid understanding of financial concepts (financial analysis, valuation, LBO operations and returns)Enthusiasm, curiosity, autonomy, rigour and team spiritFluency in both French and English (working language of the team)Advanced knowledge of Excel and PowerpointPrevious experience in private equity, M&A, strategy consulting, corporate finance in healthcare or tech, or transaction services