Climate Growth Equity Intern

Your role

The PGGM CETS team welcomes enthusiastic interns to join us for a four-month period starting in January or February 2027. You will contribute to our mission to accelerate the climate and energy transition through growth equity and private equity investments.

Please note this vacancy closes on 25 October. Interviews will take place in the weeks immediately following the application deadline.

As an intern you will:

· Support all phases of the investment process, from market research and sourcing to due diligence, valuation, execution and portfolio company support.

· Gain hands-on experience in analysing high-growth companies focused on climate and energy solutions, building financial models and preparing investment materials.

· Work closely with a small and fast-growing team and engage with a wide range of stakeholders, including founders, management teams, advisors and co-investors.

Your department

PGGM is a Dutch pension fund service provider responsible for managing pensions for different pension funds, their affiliated employers and employees, with more than €250 billion in assets under management.

Climate and Energy Transition Solutions (CETS) is a €1 billion investment strategy of PGGM, launched in 2024. The strategy was established to invest in companies where climate impact is embedded in the core of the business and scales alongside commercial success. Approximately €700 million is allocated to direct equity investments managed by the team.

CETS focuses on opportunities across areas such as grid solutions, energy efficiency, circularity, sustainable fuels and carbon solutions. The team invests across growth equity and more asset-backed strategies, partnering closely with founders and management teams as companies move from initial commercial deployment towards scalable growth.

Since its launch, CETS has built a portfolio of five companies. The team currently consists of six investment professionals and works closely with PGGM’s Infrastructure and Private Equity teams. CETS invests primarily in developed European markets, with a strong focus on the Netherlands.

Your profile

You are analytically strong, intellectually curious and motivated to work with companies where climate impact and commercial success go hand in hand. You are comfortable working in an entrepreneurial, professional team and are eager to take responsibility and learn.

· Strong academic background, preferably in engineering, natural sciences or a related technical or quantitative field. A background in finance, economics or a similar field is also acceptable.

· Clear interest in growth equity investing and the energy transition.

· Strong analytical and numerical skills, with the ability to analyse companies, markets and business models in a structured and commercially rigorous way.

· Broadly developed through extracurricular activities such as internships, committee roles, entrepreneurship, top-level sports or volunteering.

· Enrolled at or recently (summer of '26) graduated from a Dutch university (hard requirement).

· Excellent written and verbal communication skills in English. Dutch is not required.

Please also provide your grades list of your finished Bachelor's degree and cover letter as an attachment

We offer

A full-time, four-month internship with a steep learning curve in a dynamic and mission-driven investment team.

· Exposure to impactful investments that support the climate and energy transition across Europe.

· The opportunity to contribute to the pensions of millions of Dutch beneficiaries.

· An internship allowance of €1.016,- per month, full reimbursement of travel expenses and an allowance for costs associated with working from home (approx. €70 per month).

Want to know more?

Is this your new role at PGGM?

Would you like to join us and share the responsibility of ensuring a good pension for more than 5.6 million pension participants? Then apply for this vacancy.

Do you have any questions? Please contact recruiter Tijmen Muller via [email protected].

More information about the application process can be found on our website: Our application procedure | PGGM.

Please also provide your grades list of your finished Bachelor's degree and cover letter as an attachment.

PGGM and Hybrid Working

At PGGM, we have created a hybrid working environment that enables us to combine flexibility with collaboration. Our employees have the opportunity to work both in the office and remotely, depending on their personal preferences and the nature of their work. By offering hybrid working, we aim to give our employees the freedom to shape their own working style, while at the same time retaining the benefits of a shared workplace.

Application Process

Upon receiving your application, we will follow a number of steps to see if we are a good match for each other. During the recruitment and selection process for new employees, PGGM collects and processes personal data, which may also include reviewing social media profiles. PGGM believes it is highly important that this is done carefully, confidentially, transparently, and in accordance with the General Data Protection Regulation (GDPR) and related laws and regulations. Please read this document to understand what happens to your personal data.

Note to Agencies and Intermediaries

We are aware that many external parties would like to assist in our search or offer their services for this vacancy; however, at PGGM, we recruit our new colleagues directly. Acquisition regarding recruitment and selection assignments or unsolicited CV submissions are therefore not appreciated and will not be processed. Should we require external support, we will contact you directly.

We always communicate via official PGGM email addresses (@pggm.nl). Have you been approached by a third party and/or do you doubt whether the contact is genuinely on behalf of PGGM? Please feel free to verify if there is indeed a legitimate partnership with third parties by sending us an email or giving us a call.