|The private equity lab is an experiential program intended for students who want to learn more about what it is like to work in the private equity industry. The program is comprised of (a) an internship and (b) an academic course. Internships are hosted by private equity funds (broadly defined to include angel groups, venture capital firms, mezzanine lenders, buyout firms and many other variations). The academic course is designed to equip students with timely practical tools and impart experience from industry veterans with the goal to accelerate the apprenticeship process of those aspiring to work in the private equity industry.
Internship assignments can range from evaluating new markets or business opportunities for investment to working on specific issues/opportunities for portfolio companies. The students will be expected to work a minimum of 15-20 hours for their host firm during their internship and consequently should only be registered for a total of at most three courses during the spring quarter. While the course is scheduled for the spring quarter, the internships may begin earlier and possibly continue beyond the spring quarter.
The course is a mix of case discussions, simulated board meetings, simulated investment committee meetings (similar to VCIC), guest speakers, workshops and lectures. Course material is designed to be topical and immediately useful to the student’s internship. Preparation for classes will involve group work and case preparation in addition to individual exercises.
Students will be selected for the course through a competitive screening/interviewing process, which begins by submitting a resume and a questionnaire in December. More information on the selection process can be found on the Private Equity Lab website at http://polskycenter.com/pelab/.
Students may request to opt-out of the academic course by sending a written request to the professors. Students who opt-out of the course will not receive course credit or be allowed to audit the class.