Intern, Investment Accounting - Private Equity

Adams Street Partners (“Adams Street”) is a global private markets investment manager that has $62 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 seventh year in a row, Adams Street was named one of Pension & Investments’ Best Places to Work in Money Management in 2024.

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, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.

Responsibilities

Adams Street Partners’ Internship Program provides an engaging and highly educational experience to undergraduate students seeking to build a career in investment accounting. Our Fund Accounting Interns gain a broad range of investment accounting exposure by providing analytical financial review and reporting support to our teams. 

Specifically, the Fund Accounting Intern will be involved and responsible for:

• Preparation of quarterly financial statements and capital accounts,
• Review of quarterly financial statements from partnership investments to determine valuations of investments pursuant to ASC 820. This process includes tracking of underlying portfolio company activity,
• Preparation and review of various fund level transactions including draws and distributions,
• Interaction with various members of the investment and client service teams to obtain information and provide necessary reports,
• Participation in cash reconciliation process,
• Preparation of audit confirmation responses,
• Completion of client requests and special projects as they arise.

Key Candidate Attributes

Here at Adams Street Partners we hold ourselves to high standards and expect no less of our internship applicants. Ideal candidates must have a genuine interest in Accounting. Additional characteristics of a successful Intern Analyst at our firm are:

• Strong academic credentials (high GPA, reputable university) with a major in Accounting,
• Completion of intermediate Accounting courses,
• Prior work experience in an accounting or bookkeeping position is preferred,
• Demonstrable initiative, commitment toward excellence in work and great attention-to-detail,
• Self-disciplined, takes accountability and operates with integrity,
• Team oriented with a heavy emphasis on written and verbal communication,
• Ability to act transparently by owning mistakes and learning from them,
• High degree of professionalism by exercising discretion, judgment, and honoring confidentiality,
• Command of Microsoft applications including familiarity with Excel.

Anticipated Hours: 20-30/week

Illinois Pay Transparency$15—$18 USD