Intern, Primary (2027)
Menlo Park, CA, United States2h ago
Key details
- Salary
- $38.00–$40.00/hr
- Location
- Menlo Park, CA, United States
- Work style
- Onsite
- Level
- Intern
- Job type
- Internship
- Function
- other
- Focus area
- other
- Posted
- 2h ago
Skills
About the role
Adams Street Partners (“Adams Street”) is a global private markets investment manager that has nearly $82 billion* in assets under management. The firm is 100% employee-owned, which fosters a positive and unique culture of collaboration, intellectual rigor, integrity, and a commitment to professional development. For the eighth year in a row, Adams Street was named one of Pension & Investments’ Best Places to Work in Money Management in 2025.
Employees operate as a single global team, integrating the expertise of the firm’s investment professionals across five strategies: primary investments, secondary investments, growth equity, private credit, and co-investments. Adams Street is considered a private markets pioneer and was inducted into the Private Equity Hall of Fame in 2000.
The firm was founded more than 50 years ago, and clients include leading public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high net worth individuals worldwide.
Adams Street has offices in Austin, Beijing, Boston, Chicago, Hong Kong, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.
*As of September 30, 2026. Adams Street Partners’ methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings (“regulatory AUM”) have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.
About the Summer Internship Program
Adams Street's Summer Analyst Program is a 10-week internship that provides an engaging and highly educational experience to undergraduates seeking to build a career in private markets investing. Our Summer Analysts gain a broad range of investment exposure through special projects, AI tooling and workflow development, and research, analytical, and deal process support for our teams.
The program is designed for students pursuing their bachelor's degree, ideally in business, finance, or economics, who are looking to gain a foundational understanding of the private markets industry. The internship program offers a unique set of financial training, professional development, and mentorship opportunities throughout the summer.
This role is based in Menlo Park and will work closely with the US Venture team, with exposure to buyouts.
Highlights of our program include:
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Access to internal training resources and the guidance of a mentor to bridge the educational gap
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Exposure to deal flow, strategy, and operations as an observer in investment team meetings
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Human Resources sessions on professionalism in the workplace and career path coaching
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Active engagement with employees through summer social and networking events
Primary Investment Team
The Primary Investment Team at Adams Street invests in premier buyout and venture capital funds at the time they are being raised. The team has been an active fund investor since 1979 and has established relationships with some of the world's most sought-after General Partners. Investing with a broad global mandate and across a range of geographies, stages, and subclasses, the Primary Team has consistently delivered strong risk-adjusted returns and liquidity across multiple business and economic cycles.
Role Responsibilities:
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Firm and client-related projects
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Investment underwriting and due diligence
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Sector and thematic research
Key Candidate Attributes
At Adams Street, we hold ourselves to high standards and expect the same of our internship applicants. Ideal candidates must have a genuine interest in alternative investments. Additional characteristics of a successful Summer Analyst at our firm are:
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Strong academic credentials with a major in finance, accounting, economics, or related studies
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History of relevant internship experience, schoolwork, and/or extracurricular activities within the private equity, investment banking, investment management, and valuation fields
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Strong Excel proficiency required, with prior financial modeling experience preferred
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Proficiency in AI tools such as Claude, ChatGPT, and/or Glean
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Demonstrable initiative, commitment toward excellence in work, and great attention to detail
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Team-oriented mindset with a heavy emphasis on written and verbal communication
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Excellent technical foundations in corporate finance and accounting
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Self-disciplined, takes accountability, and operates with high integrity
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