Investment Analyst Internship

Firm: River Cove Capital Title: Investment Analyst Location: Austin, TX (or Remote/Hybrid) Duration: e.g., Summer 2026 / 10–12 weeks Compensation: [Unpaid + potential bonus tied to deal success] About the Firm River Cove Capital is an entrepreneurial investment firm focused on acquiring and operating a single small-to-medium-sized business. The firm is actively sourcing acquisition opportunities across fragmented industries, with a focus on durable, cash-flowing businesses. This is a unique opportunity to work directly with the founder in a hands-on, high-impact role across deal sourcing, evaluation, and execution. Role Overview As a Search Fund Intern, you will play a critical role in identifying, evaluating, and engaging with potential acquisition targets. This is not a typical internship—you will gain direct exposure to private equity, entrepreneurship through acquisition (ETA), and small business M&A. You will work closely with the founder on live deals and help build the pipeline of companies that could ultimately become the platform business. Key Responsibilities Deal Sourcing & Outreach Identify and research potential acquisition targets across industries Build and manage target lists using tools like LinkedIn, ZoomInfo, and Google Conduct outbound email and phone outreach to business owners and brokers Track outreach efforts and responses in CRM systems Market Research & Industry Analysis Analyze industries to identify attractive sectors for acquisition Evaluate market size, competition, growth trends, and fragmentation Prepare industry briefs and investment memos Financial & Business Analysis Review financial statements and CIMs (Confidential Information Memorandums) Build basic financial models (revenue, EBITDA, valuation ranges) Identify key risks and diligence questions Deal Execution Support Assist in due diligence efforts for live deals Prepare materials for investor updates and presentations Take notes on calls with brokers, owners, and advisors What You’ll Gain Direct exposure to private equity and M&A Experience sourcing and evaluating real acquisition opportunities Mentorship from a founder actively buying a business A front-row seat to the full lifecycle of a deal Strong preparation for careers in private equity, investment banking, or entrepreneurship