Private Equity Investment Officer

This position is being re-advertised. Those who have previously applied are still being considered and do not need to reapply.

The Investment Officer II position is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer II on the Private Equity team.

Established in 1988, CalSTRS Private Equity program invests globally in partnerships, separate accounts, general partner interests, secondary interests and co-investments. Investments include buyouts, growth equity, debt-related and venture capital. External advisors support the program by providing investment selection advice, research and gate-keeping services.

Private Equity is a fast-paced, team-oriented environment with opportunities for training and advancement. While collaborating with some of the best general partners, advisors, consultants and attorneys, you will contribute to the success of one of the largest Private Equity programs in the world. Team members will collaborate with the broader CalSTRS Investment Office and engage in projects ranging from evaluation of co-investments, secondary transactions, and other private equity investment strategies.

Come join the Private Equity team as we work toward our goal of enhancing equity returns and ultimately ensuring retirement benefits for California’s educators!

Under the general direction of the Portfolio Manager, the Investment Officer II is responsible for performing the full range of duties associated with the independent review and evaluation of new and follow-on partnerships, assisting in the management of a portfolio of domestic and international partnerships, and assisting in the management of co-investment and secondary interest segments of the private equity portfolio. The incumbent is expected to perform complex duties requiring a high degree of independence and discretionary judgment.

The ideal candidate will possess the following skills:

• BA/BS/MBA or possession of an advanced degree in finance, accounting or other related fields
• Experience performing private market attribution analysis
• Experience with benchmarks and performance criteria
• Experience in interaction with external management consultants, advisor, and/or legal expert
• Experience in underwriting, investment due diligence and investment recommendation
• Strong financial modeling, portfolio analytics and presentation skills
• Team player with a strong work ethic, high integrity, and desire to learn
• Excellent written and verbal communication skills
• CFA designation or other professional certification such as CAIA

Duties will be adjusted at the Investment Officer I level.

An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.

Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.