Caprae Capital Partners
Internship Program Reviews and Experiences

When I first applied to private equity internships, I expected little dynamism—just industry reports and basic modeling. I joined Caprae Capital Partners because I hoped that working with a firm led by entrepreneurs might be different. Within months, I found myself sourcing billionaire family offices and leading seller and investor outreach, backed by writing a dozen detailed research reports that sharpened my understanding of Caprae’s investment thesis.

The highlight of my experience was working directly with Kevin on sourcing at trade shows in Chicago, London, and Frankfurt. His leadership is rooted in an unwavering commitment to those who show real hunger. The more I invested in the work, the more responsibility and trust I earned. Seeing him start his day at 2 AM with relentless passion inspired me to push harder myself.

What impressed me most was hearing Kevin engage sellers with vision and authenticity. Even compared to conversations I’ve had with Fortune 500 executives and Wall Street investors, his ability to connect was unmatched. My time at Caprae not only advanced my career in private equity and deal negotiation but also gave me a front-row view of the drive and vision required to build a truly great company.

Caprae was run with a level of operational efficiency I hadn’t seen before, thanks to Kevin and the team constantly refining processes. Even though we worked remotely, there were weekly meetings to review results, update deals, and train new interns, plus regional events and social hours that built genuine connections. Departments were structured around outreach, lead generation, research, and finance, with senior interns managing teams. This system allowed us to send 500+ personalized emails weekly, generate hundreds of leads, and book 5–10+ founder meetings a week—far above industry norms.

I interned at Caprae for about 9–10 months, overlapping with a full-time role at another firm. Looking back, I can honestly say I learned more here than in any other work experience. Kevin structures the program to reward top performers with more responsibility, which accelerates both personal growth and Caprae’s own development. For example, one co-founder even built an intern management system to track assignments automatically, and recruiting quickly scaled to hundreds of applicants per cycle.

Despite fluctuating between 20–40 interns, Caprae ran more efficiently than larger companies I’ve worked at with thousands of employees. There was no politics or busywork—only accountability, ownership, and opportunities for those who showed initiative. Beyond sourcing leads or drafting LOIs, I learned how to think about running a fund, how to meet with business owners, and how to lead a team. Many interns, myself included, have said Caprae was their favorite work experience—something rare among students and young professionals. That speaks volumes about the culture and the impact of this program.

During my time at Caprae, I worked across multiple departments, which sharpened my skills in multitasking, attention to detail, time management, and viewing challenges from an investor’s perspective. These are abilities I continue to use daily in both my studies and career.

What impressed me most was Caprae’s rapid progress and innovative team structure. When I started, the team was handling only a handful of deals; within months, that number had multiplied several times over. The firm evolved quickly into specialized departments with a strong international team, proving its ability to adapt and scale.

Overall, my internship at Caprae provided me with practical skills and exposure to the entrepreneurial side of finance that I wouldn’t have gained elsewhere. It has set a strong foundation for my future career.

This experience has been one of the most valuable parts of my college journey so far. I had the opportunity to work on projects like building a Confidential Information Memorandum research paper, reviewing and personalizing over 150 client communications, analyzing 250+ handbooks each week to strengthen recruitment, and creating LeadGen reports to highlight new investment opportunities. Toward the end of my internship, I also joined the recruitment team, where I gained valuable insight into the internal hiring process. These responsibilities gave me a real look into how finance and strategy intersect, and helped me grow both my technical and professional skills.

More importantly, I’ve had the privilege of working with some incredible people along the way. A special thank you to Kevin Hong for being such a supportive mentor where your guidance in business writing and thoughtful advice will stay with me throughout my career in finance. I also truly appreciated the opportunity to work with Ka Ming Li (Kamas), Jack Hu, Zackary Beckham, and Jamie Zhang, who made training and collaborating across different departments such a valuable experience.

These past 4 months have been a wonderful experience, and I am grateful to have been part of a firm making such a positive impact on the finance industry. I have learned so much here and believe something special is being built at Caprae that is more modern than any other PE firm I have seen. I’ve received great feedback on identifying quality leads and, more importantly, improved my writing to clients and business owners.

I’ve had numerous opportunities to learn during this program, but even more valuable has been what I’ve unlearned. Coming into Caprae, I had a narrow view of private equity. Over the past nine months, I learned to challenge assumptions—understanding why a seemingly “perfect” company might be rejected and why another with hidden potential could be a strong investment. Kevin’s ability to explain the growth rationale behind these decisions taught me to think forward and identify trends that shape the future.

This internship also gave me the chance to lead. After writing and reviewing nearly 60 industry and product reports, I built the confidence to guide a team and deepen my expertise. That experience has already helped me secure offers in the PE space as a research analyst.

Perhaps the most striking part of my time at Caprae was watching the firm’s rapid growth. I joined when the company was just beginning operations, and within months it had grown to over 120 deals. Experiencing that firsthand showed me how effective management, communication, and focus can scale an organization quickly.

This internship has been far from typical. It’s given me practical skills, leadership experience, and perspective on how disruptive finance and entrepreneurship really work. It has been one of the most impactful experiences of my career journey so far.

What makes Caprae Capital stand out is its forward-thinking mindset and its willingness to engage critically with the evolving landscape of private equity. Rather than following a traditional path, the firm actively explores new ideas and models that aim to create long-term value with greater intentionality. Being part of a team that doesn’t shy away from asking tough questions about the industry has been both refreshing and thought-provoking.

Over the course of this experience, I didn’t just learn how to do the job, I learned how to think critically, communicate professionally, take on responsibility, and adapt quickly in fast-paced environments. I’m especially thankful for the chance to collaborate with a globally diverse team and to grow both personally and professionally.

This internship has also given me the chance to reflect on myself—deepening my understanding of work environments, leadership styles, and company dynamics, which has been especially meaningful as someone still early in my journey into the business world.

Special thanks to Kevin Hong, Zackary Beckham, Jamie Zhang, Jack Hu for your efforts and leadership in my learning.

Thank you to the entire Caprae Capital team for your mentorship and support!

M.D. Arnold once said, “A good leader leads the people from above them. A great leader leads the people from within them.” Kevin Hong is what Arnold would call a great leader. With an unconventional background—from living in a van to becoming a successful entrepreneur—he brings a rare perspective grounded in management skills, tenacity, and compassion.

Kevin’s management skills are unmatched. He leads an international team of interns and professionals with minimal meetings, yet always makes time for mentorship and explains complex concepts in simple terms. His tenacity shows in the way he reviews work personally before deal meetings, which has resulted in exceptional deal flow in a short period.

Equally important is Kevin’s compassion. He gives interns opportunities to attend industry trade shows and fosters an environment of transparency, respect, and pride. At Caprae, Kevin doesn’t just lead from above — he leads from within — and that’s what makes the experience so impactful.

I’ve had numerous opportunities to learn during this program, but even more valuable has been what I’ve unlearned. Coming into Caprae, I had a narrow view of private equity. Over the past nine months, I learned to challenge assumptions—understanding why a seemingly “perfect” company might be rejected and why another with hidden potential could be a strong investment. Kevin’s ability to explain the growth rationale behind these decisions taught me to think forward and identify trends that shape the future.

This internship also gave me the chance to lead. After writing and reviewing nearly 60 industry and product reports, I built the confidence to guide a team and deepen my expertise. That experience has already helped me secure offers in the PE space as a research analyst.

Perhaps the most striking part of my time at Caprae was watching the firm’s rapid growth. I joined when the company was just beginning operations, and within months it had grown to over 120 deals. Experiencing that firsthand showed me how effective management, communication, and focus can scale an organization quickly.

This internship has been far from typical. It’s given me practical skills, leadership experience, and perspective on how disruptive finance and entrepreneurship really work. It has been one of the most impactful experiences of my career journey so far.

I'm extremely grateful for the guidance and insights provided during Sunday strategy meetings and the respectable work everyone has put into their research to present and help us learn. I want to sincerely thank Jamie Zhang for introducing me to this opportunity that has transformed my perspective on how search funds could operate and Kevin Hong for the unique thought-leadership during every meeting; I've truly never seen a vision so trailblazing and game-changing. Wishing everyone the best!

I’ve had numerous opportunities to learn during this program, but even more valuable has been what I’ve unlearned. Coming into Caprae, I had a narrow view of private equity. Over the past nine months, I learned to challenge assumptions—understanding why a seemingly “perfect” company might be rejected and why another with hidden potential could be a strong investment. Kevin’s ability to explain the growth rationale behind these decisions taught me to think forward and identify trends that shape the future.

This internship also gave me the chance to lead. After writing and reviewing nearly 60 industry and product reports, I built the confidence to guide a team and deepen my expertise. That experience has already helped me secure offers in the PE space as a research analyst.

Perhaps the most striking part of my time at Caprae was watching the firm’s rapid growth. I joined when the company was just beginning operations, and within months it had grown to over 120 deals. Experiencing that firsthand showed me how effective management, communication, and focus can scale an organization quickly.

This internship has been far from typical. It’s given me practical skills, leadership experience, and perspective on how disruptive finance and entrepreneurship really work. It has been one of the most impactful experiences of my career journey so far.

After an incredibly rewarding few months, I’ve completed my internship with Caprae Capital Partners. I’m thankful for the opportunity to learn, grow, and contribute alongside such a talented and entrepreneurial team.

During my time at Caprae, I had the chance to dive deep into the world of private equity – sourcing potential investments, analyzing market fragmentation and trends, and building investment theses for high-potential opportunities. I also helped lead an internal AI strategy initiative, producing investor-facing media to strengthen firm branding and LP engagement.

I am grateful to share that I’ve concluded my summer internship at Caprae Capital Partners.

Caprae provided true hands-on experience from day one. Over the past three months, I supported live deal sourcing, conducted market research across multiple industries, analyzed financials, and contributed to internal deal processes. The pace was fast, the expectations were high, and the work pushed me to think more critically, operate with precision, and take full ownership. It was demanding, but that’s exactly what made it rewarding.

What stood out most was the culture. Caprae runs lean and expects you to think clearly, move fast, and deliver without excuses. Feedback was direct and constant, which forced me to raise my standards early. I came in thinking I knew how to work hard and think critically, I left with a much sharper understanding of what that actually means in a real investing environment.

Kevin Hong and Jamie Zhang, I extend my sincere thanks for your mentorship and guidance. You set the tone early, gave honest feedback, and carved out time to teach when you didn’t have to.

I learned so much from the entire Caprae team, and I plan to build upon this experience you provided me and carry it forward.

Caprae has by far been my most unique and captivating experience so far during my undergrad, and I can confidently say that Kevin Hong's Sunday speeches about level 1&2 geniuses, along with industry disruptors, will be things I remember 10 and even 20 years down the line. I'd also like to thank Zackary Beckham Jamie Zhang for their guidance and support on all of my deliverables throughout the term. Although my time with Caprae is coming to a close, I will definitely stay up to date with Caprae's ongoing initiatives they're posting about on LinkedIn. Thanks again to everyone for the opportunity, and I'm looking forward to seeing the future of Caprae play out.

From April to August 2025, I had the opportunity to join Caprae Capital Partners as a Full Stack Developer Intern.

During this time, I learned a great deal and was deeply involved in backend development, database architecture, API integrations, and data pipeline design.

A special thanks to Ukant Jadia, my trusted partner in tackling database and backend challenges, whether it was debugging, optimizing queries, or designing efficient solutions.

I also truly appreciate Ukant Jadia, along with Muhammad Rafi Syafrinaldi, Yash Jagdale, Jethro Lim, Shreeharini S, and Ridhun ks, for working side-by-side, sharing knowledge, and offering valuable feedback throughout this journey.

This experience not only strengthened my technical skills in Python and PostgreSQL, but also sharpened my problem-solving, communication, and adaptability in a fast-paced startup environment.

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Thank you to Caprae Capital Partners, Kevin Hong, and Zackary Beckham, our project manager who consistently provided guidance, feedback, and solutions, for the trust and opportunity.

This chapter may be closed, but the lessons and connections I’ve gained will continue to shape my next steps.

 I'm grateful for the opportunity to be part of such an impressive team, and truly admire the work that you guys are doing to change the search fund industry. Good on everyone here for working to change the game.

I would like to sincerely thank you for the opportunity to be part of such a unique team. During my time here, I’ve developed a much stronger understanding of investment research, deal evaluation, and the way a search fund operates. I’ve also appreciated the chance to contribute to research projects and to learn directly from the team’s approach. Kevin Hong Zackary Beckham

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This experience has been genuinely valuable for me, and I’m grateful for the support and guidance I’ve received. I leave with appreciation for the time I’ve spent at Caprae and wish the firm every success moving forward.

Throughout my internship, I've gained valuable interpersonal and technical skills, and have learnt a lot from the team about the search fund space, investment research, and private equity as a whole. I am extremely grateful to have had this opportunity and look forward to seeing continued success from the team.

Throughout my internship, I've gained valuable interpersonal and technical skills, and have learnt a lot from the team about the search fund space, investment research, and private equity as a whole. I am extremely grateful to have had this opportunity and look forward to seeing continued success from the team.

I’m incredibly grateful for the opportunity to work with such a driven and talented team. I’ve learned a lot and truly believe Caprae has a bright future. I hope to reconnect down the line and I’m happy to be a resource to anyone going through recruiting.

 I am extremely grateful for the opportunity to have the Caprae experience under my belt. What’s happening here at Caprae is truly game-changing, and I can’t wait to see what milestones will be achieved as time goes on!

I’ve learnt so much during my time here and truly appreciate everything the team has taught me. I wish you all the best, and I’ll be keeping an eye on Caprae to see how you break the indusry. Bleed and Build.

Getting hands-on with deal sourcing, stepping out of my comfort zone with cold calls, and speaking directly with business owners has been an experience I’ll carry forward. It’s given me a much deeper understanding of private equity and what it really takes to find and build the right opportunities.

 Thank you so much for the opportunity, it’s an invaluable experience to work with Kevin Hong Zackary Beckham Jamie Zhang and every other bright mind in this company. I wish everybody the best, and I do hope to stay in touch and would love to return if the opportunity is available in the future.

Caprae has been an incredible opportunity to learn so much and meet so many ambitious and talented people.  I would love to stay in touch with anyone that wants to, and I wish Caprae only the best as you continue to grow.

Thank you for the opportunity—it’s been an incredibly valuable experience. I’ve learned a lot from working alongside the team and watching Caprae push the boundaries of what’s possible in the space. I’m truly excited to see the firm hit headlines and reshape the industry as the type 1 Michael Jordan and Lionel Messi types. Rooting for you and the rest of the team all the way!

 I have been here since early May and have gotten the opportunity to not only work alongside talented and hardworking individuals but also learn more about the private equity and search fund space. This internship taught me more than I thought I would ever learn, and being able to actively contribute to something bigger than myself was exciting.

Thank you so much for the opportunity to work on such unique projects, from the pitch deck for CLOVER with Kevin Hong to the ITSco-CIM research under Zackary Beckham’s guidance. I’ve learned more than I ever imagined, and I’m especially grateful for the day-to-day mentorship and the little moments. Learning what Caprae is all about really shifted my foresight on finance - and I'm excited to see this company continue to pave its disruptive path.

Working alongside every bright mind here has been invaluable. I truly appreciate everyone’s support, encouragement, and the culture of innovation you’ve all helped build. I wish Caprae nothing but success and would love to stay in touch. If the chance arises to return in the future, I’d jump at it.

You have great perspectives ahead.

It has been a revolutionary month and half under your leadership. I like your style of leadership I have to say. You always work directly with the people you employ, even the smallest ones. I always try doing the same in the vineyard.

 It was so incredible working with Zackary Beckham and Radit. Kevin Hong you are a very inspiring man, I hope I become like you some day.  Really loved working with other on the team as well. I wish everybody the best and hope to cross roads if possible.

I’m really grateful for the chance to be part of the team - thank you for the support and for building such a driven and collaborative environment. It’s been inspiring to witness the work being done here, and I’ll definitely be cheering you on from the sidelines. Thanks for the opportunity.

I wanted to thank everyone for all the mentorship and guidance you've all provided over my time here since March. Caprae is truly changing the ETA industry, and I'm super grateful to have even played a small part in the entrepreneurial process. My time here has been so valuable in developing my attention to detail and how I think, conduct research, and write.