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Overview

University Growth Fund is the largest education-based private equity fund in the United States, founded in 2015, giving university students direct experience in real venture capital investing. The fund manages approximately $50M and invests in established companies across consumer products, tech, semiconductors, and enterprise software seeking growth capital (Series A through pre-IPO stages). UGF provides internship opportunities where students help make real investments, conduct due diligence, and work with top-tier co-investors. Interns graduate with a 118%+ pay premium compared to peers and exceptional job placement rates. The fund operates multiple offices and actively recruits talented students for hands-on venture capital experience.

Program details

Designed for Students, Investors, Operators. The program is in person. Participation is generally part time.

Who it is for

College and university students; strong analytical and business acumen; interest in venture capital and investing.

Check if you are eligible

Check your eligibility for University Growth Fund Fellowship

Admissions and application

The program is open to college and university students who are interested in venture capital and investing.

Benefits

Real venture capital investment experience; exposure to $50M+ fund decisions; networking with co-investors and portfolio companies; exceptional post-graduation compensation (118%+ premium); direct pathway to venture capital careers; hands-on due diligence experience.

Timeline

The duration of the program is variable, with internship opportunities available.

What came of it

Interns gain substantive VC experience; exceptional job placement upon graduation; many pursue venture capital careers; direct investment track record building.

How to go about it

  1. Read what it asks for

    Who can apply, how people get in and whether it is open right now.

  2. Have something to show

    Programs pick people whose work they can already point to. Put yours where it can be found.

  3. Apply the way the program asks

    The program has not published how to apply. Terms and dates change. Check the official page before you act.

What it pays

This program is free for student participants, with no direct compensation provided.

Questions about this program

Who is eligible to apply?

Applicants must be current students near a UGF office; students from any major or academic level are welcome. UGF lists offices in Atlanta, Salt Lake City, and San Diego.

What does the application process involve?

The form requests your school, major, cover letter, resume, and preferred semester. UGF describes a 15-minute initial interview with two foundational questions and a case study, a one-week company analysis requiring an investment memo and deck, and a one-hour final presentation with senior-team Q&A and feedback.

How much time does participation require?

UGF states a 20-hour weekly commitment, including at least five in-office hours and Friday morning staff meetings.

Is the internship paid?

The Utah Analyst Intern posting describes that specific internship as unpaid. The available claim does not establish compensation terms for other locations or roles.

When does UGF recruit?

UGF says applications are always open and recruiting cycles each semester. Its linked careers page lists part-time Analyst Intern openings in Atlanta, San Diego, and Salt Lake City.

About University Growth Fund

Empowering students through real-world investment experience.

Other programs by University Growth Fund

Lists that include this program

From public sources

What the sources say about University Growth Fund Fellowship

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