Thoughts on NextGen Growth Partners for an MBA internship to get exposure to PE landscape?

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If you’re interested in search funds then it’s a good internship. Good people, good experience. Will it help you land a job in PE? Absolutely not. Will it prep you for search fund path? Yes. Depends on your goals. I remember they didn’t pay much or very well. Is that still the case?

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I’m not sure getting such an internship to “expose yourself to the PE landscape” is the right calculus. Search funds have a lot of overlaps with PE (mostly LMM and family offices) but they’re entirely different animals. Internships are incredibly important in bschool and you want to do something that positions you for a fulltime role. For example, you could’ve done a consulting internship, got a FT offer but realized you didn’t like it and pivot to something else in the fall recruiting cycle. With a Nextgen type gig, you should already be pretty sure whether you wanna do search fund or not. If not, there’s no point wasting that summer. If you’re pretty sure you wanna do search funds and want to test the waters, take it. You may not like it and that’s fine but that would be well worth your time.

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