2027 Investment Banking Summer Analyst, Secondary Advisory

The William Blair Private Capital Advisory (PCA) team advises alternative investment managers on a wide range of transactions, including continuation funds, strip sales, fund recapitalizations, direct secondaries, LP tender offers, and others. The PCA team serves fund managers pursuing a wide spectrum of investment strategies, such as buyouts, growth equity, venture, distressed/turnaround, infrastructure, mezzanine, credit, and real assets. From transaction origination through closing, members of our PCA group work as a unified team with colleagues from industry coverage, M&A advisory, and the Financial Sponsors Group to provide tailored solutions designed to optimize client outcomes.

The secondary advisory role combines investment banking activity (deal origination, due diligence, financial modeling, strategic and financial advice, structuring and execution) with capital markets responsibilities (institutional coverage and distribution).

Market insiders predict the private equity secondary market to account for nearly $200 billion in volumes by the end of 2025.

We know you have choices on how you spend your summer but encourage you to apply for William Blair’s 2027 Investment Banking Secondary Advisory Summer Analyst Program. Take the opportunity to build on the fundamentals of your academic background, gain practical knowledge to help prepare you for your next steps and be part of an organization that fosters innovation and invests in our most important asset, our people.

The summer program provides all summer analysts with unique opportunities to:

• Unique opportunity to work alongside current analysts, associates, and senior bankers over the course of a 9-week program

• Take on all functions of a full-time analyst

  • Opportunity to harness your potential

  • Direct client exposure

  • Work alongside and support senior bankers in research and creation of pitch materials

  • Build financial model to value potential clients

  • Researching industries or sectors in targeting certain clients or industries

  • Play integral role in various deals

• Be a part of an energetic, entrepreneurial environment

• Experience a team-oriented culture focused on client service excellence

• Be a part of a firm that is 100% owned by active partners

• Join a team that is focused on developing highly talented people who want to build a long-term career and have an immediate impact