Meet Caprae

Caprae Capital Partners is a private equity and acquisitions platform led by Kevin Hong, a serial founder who scaled two tech ventures to $31M ARR and $7M in revenue. Launched in January 2025, Caprae is now one of the fastest-scaling platforms in the lower-middle-market M&A; and ETA space. It combines an international research engine, a full-stack deal sourcing arm and a rapidly growing tech layer.

This year to date, our services divisions have completed $50M of transaction value, and we expect to exceed $150M in Q1 and Q2 of 2026. We want people who are keen to take PE to the next level.

About the Role The Caprae Buyside Internship is a high-intensity training ground for future dealmakers. It is not passive research or slow-paced financial modelling. You learn M&A; fundamentals the way practitioners do, through live conversations, real negotiation psychology and rapid exposure to deal structuring.

You build your foundation on outbound calls, learning to speak with founders, read their motivation, overcome objections and extract deal-relevant information. From as early as four weeks, you can move into supporting real deals and understanding valuation logic, structure mechanics and how an ETA transaction is sequenced. Most internships skip the human side of M&A.; We lead with it, because it is where deals are won.

Perks and Pathways

- 100% real-world communication and deal execution
- Negotiation psychology from day one
- Rapid exposure to real transaction mechanics
- After one month, strong KPIs can earn you opportunities to collaborate with the deal team and the research team
- Interns who make the deal team and manage deal flow can earn up to 20% of our success fee,



and several have built potential bonus pools of $50K+
- We strongly prefer to hire our full-time team from the internship program: 3 interns were converted to full-time in 2025, and we expect to onboard significantly more in 2026

What You Will Be Doing

- Calling business owners and executives daily
- Working through objections, gathering context and understanding founder psychology
- Learning how buyers and sellers negotiate outside of textbooks
- Practising controlled, professional persuasion
- Keeping conversations structured and outcome-oriented
- Supporting lower-middle-market deal structuring based on your conversations
- Understanding seller motivations and buyer constraints
- Evaluating fit, feasibility and deal readiness
- Learning the mechanics of earnouts, seller financing, rollover equity and reps and warranties
- Seeing how real deal conversations unfold and how structures adjust dynamically
- Supporting live buyer and seller interactions
- Helping prepare call notes, next steps and negotiation plans
- Observing how Caprae navigates valuation gaps and structure negotiations
- Understanding what kills deals and what revives them
- Seeing transaction pacing, sequencing and the psychological arc of a deal

The Ideal Candidate

- A strong communicator and a quick learner
- Someone who wants responsibility early
- Someone who wants to learn how deals really happen, not academically
- Someone who learns better by doing than by observing
- Someone who enjoys structured, dynamic conversation over spreadsheet-heavy analysis
- Fluent in English (required)

Keen to get started? Apply via this post or send us a message.

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📌 M&A Intern (Sydney)
🏢 Caprae Capital Partners
📍 Sydney