AXA - Real assets - fund management intern (Jan'26)

AXA IM Alts

AXA IM Alts is a global leader in alternative investments with over €185 billion of assets under management  comprising c.€91 billion of primarily private real estate, over €85 billion of private debt and alternative credit, as well as c.€9 billion in Infrastructure and private equity.

We take a 360° approach to real estate & infrastructure investing with over €132 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow. 

AXA IM Alts employs over 830 people located in 17 offices around the world and serves the needs of more than 600 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe,  and one of the largest worldwide.

We pride ourselves on fostering a culture of high performance, which means we seek to recruit and retain people who are not only technically qualified, but also open to the world, innovative and able to harness their unique perspectives and life experiences to support our success as a business.

Description of the department

The Fund Management intern will join the private equity real estate - fund management team within AXA IM Alts. The management team, based in Paris, is responsible for discretionary funds and several mandates representing over €20bn of assets under management across Europe.

The successful candidate will report to the team manager and support the team in various tasks such as monitoring fund performance, implementing investment and/or arbitrage strategies (acquisitions/divestments), and financial strategy.  
Through these assignments, the trainee will gain a better understanding of the responsibilities of a real estate fund manager in managing real estate funds to meet investor expectations.

Your role and responsibilities will include

Day-to-day management:  

• Assist the fund managers in the day-to-day management of the funds, including monitoring of real estate portfolio and fund performance, financing and liquidity management. 
• Analysis of transactions and disposals:
• Participate in the review of transactions in all asset classes (offices, retail, hotels, residential, logistics, etc.) and in Europe.
• Model cash flows using scenario and sensitivity analyses.
• Assist manager on acquisition structure and financing where appropriate.
• Update the fund's cash flow model (Discounted Cash Flow).
• Participate in defining the fund's financial policy (leverage, hedging).
• Prepare presentations for investors.
• Analysis of transactions and disposals:
• Participate in the review of transactions in all asset classes (offices, retail, hotels, residential, logistics, etc.) and in Europe.
• Model cash flows using scenario and sensitivity analyses.
• Assist manager on acquisition structure and financing where appropriate.