Job Description

Job Description and Duties

Are you interested in launching a career in investing?

Join the CalPERS Private Equity group, a collaborative team overseeing CalPERS’ $78 billion private equity portfolio.

As an investment officer within the growth equity team, you will primarily assist in the underwriting of new investments, both private equity funds and positions in individual companies. In this role, you will have the opportunity to get to know many of the most successful and engaging characters in the private equity industry— as well as have exposure to CEOs across a range of industries. Additionally, you will get to take part in developing CalPERS’ sustainable investment strategy.

A strong work ethic and intense interest in investing are required as this is an excellent opportunity for someone eager to learn. Occasional travel is needed to cities such as New York, Los Angeles, London, and Stockholm.

Duties include, but are not limited to:

• Assist the lead Associate Investment Manager (AIM) or Investment Manager (IM) in the management of private equity investments through various quantitative and qualitative analyses.
• Review and implement appropriate action with respect to legal matters impacting investments.
• Monitor the progress of specific new partnership opportunities through investment evaluation.
• Support underwriting of new investments by providing analytical and process support.

Interview Dates: We anticipate interviews to be held one month from the final file date.

Telework Information : This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

How did you hear about this position? Tell us in this brief survey .

You will find additional information about the job in the .

Special Requirements

Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. The Classification Specification is located on this Job Posting under "Minimum Requirements."

Please Note: You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit the CalHR’s CalCareers website .

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• A comfort and appreciation for operating in a team and consensus-driven environment is a key aspect underlying success in the CalPERS environment.
• A high degree of initiative, professionalism, confidentiality, and ability to work well under pressure in a fast-paced environment.
• Be flexible in adapting to changes in priorities, assignments, and other interruptions that impact timelines and courses of action.
• Excellent written and verbal communication, attention to detail, and organizational skills.
• Well-rounded, quick learner with demonstrated academic or professional performance.
• Prior professional experience related to investment analysis, private equity, or investment management.
• Basic understanding of benchmarking, return calculations, and pacing.

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:

• Alternate Work Schedules
• Flexible Work Hours
• Onsite childcare facility
• Onsite fitness center
• Onsite café and nearby restaurants
• Free onsite parking available Mondays and Fridays, subject to change
• Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays

For more details about employee benefits, visit the California Department of Human Resources website.

Additional Information

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Sponsorship
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for a visa sponsorship now or in the future.

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is optional. It may be included, but is not required.

Job Tags

Permanent employment, Full time, Flexible hours, Monday to Friday,

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