We’re one of Canada’s largest pension investors, with CAD$299.7 billion of net assets as of March 31, 2025.
We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.
Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.
This unified internship posting allows you to apply once while indicating your preference for one of four investment teams: Infrastructure, Natural Resources, Private Equity, or Real Estate. You will be integrated into your preferred team (based on fit and business needs) and actively participate in analyzing, executing, and managing investments in private assets globally.
Depending on the investment team you join, your responsibilities may include:
Infrastructure Investments
Conduct preliminary analysis of investment opportunities and assess investment theses including key merits and risks
Build detailed financial models (DCF valuation), determine and substantiate key valuation assumptions, conduct sensitivity analyses
Research relevant public information on comparable companies and precedent transactions
Participate in key due diligence activities and coordinate work performed by third-party advisors
Prepare investment memorandums and present recommendations to the Infrastructure Investment Committee
Natural Resources Investments
Support investment team members in analyzing potential private equity transactions in agriculture, timber, and animal protein assets
Participate in active management of the Natural Resources group's current investment portfolio
Support due diligence processes for new investment opportunities
Develop and validate financial models related to investments
Conduct industry research on new investment opportunities in forestry and agriculture sectors
Assist in drafting investment recommendations and strategic presentations
Private Equity
Assist deal teams on execution of transactions, including co-investments in companies and external fund commitments
Participate in relationship and portfolio management exercises, supporting coverage teams with holistic asset management activities
Perform investment due diligence, including industry and company-specific research using primary and secondary sources
Assist in the preparation of investment committee materials
Perform financial, valuation, and returns analysis on new opportunities
Real Estate Investments
Support analysts in active management of PSP's real estate portfolio across the Americas
Analyze potential real estate transactions (financial modeling, economic feasibility) across various asset classes and structures (residential, office, industrial, retail, joint ventures, funds)
Participate in due diligence processes for real estate acquisitions and dispositions
Contribute to asset management decisions related to financing, hedging contracts, leasing, capital expenditures, and redevelopments
Research, synthesize, and analyze data on various real estate markets
Collect information and update the real estate investment team's database
Education
Currently enrolled in a Bachelor of Commerce (Finance, Accounting), Master's in finance or accounting, MBA, or degrees in Economics, Engineering, Mathematics with strong academic standing
High academic achievement required
Technical Skills
Excellent financial and analytical skills
High proficiency in Excel and financial modeling
Professional Attributes
Mature, driven, motivated with ability to take initiative
Responsible, diligent, and able to work independently or as part of a team
Strong communication and presentation skills (written and verbal)
Good attention to detail and rigorous approach to research, analysis, and documentation
Eagerness to learn, ideate, and innovate
Language Requirements
Good communication skills in French and English (or willingness to learn)
Other languages are considered an asset (Spanish, Portuguese...).
Regular interactions in English with investment partners based outside of Quebec (peers, bankers, brokerage firms, PSP employees in Hong Kong, London, and New York offices) and interactions in French with employees in Montreal and Ottawa offices
Eligibility
Must return to studies after the internship or the internship must be part of your curriculum
Candidates must have the right to work in Canada* for the period specified
*Options include Canadian citizenship, permanent residency, or a valid open work permit
At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.
To apply, please upload your resume, cover letter and most recent unofficial transcript.
Deadline to apply:
2026-05-23Visit us on www.investpsp.com/en/
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