Private Equity Investment Officer Iii

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $456.49 billion as of May 8, 2023. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Visionand their decisions and actions are guided by our Investment Beliefs.

Come join the CalPERS Private Equity team as we work toward our goal of enhancing equity returns to ensure retirement benefits to our members. Private Equity is a fast-paced, team oriented environment providing many growth opportunities. We collaborate with noted General Partners from around the globe and you can contribute to the success of the nation's largest public pension fund.

Our Investment Office, Private Equity (PE) Team is currently seeking an Investment Officer III to be responsible for assisting with the administration of the PE program work and participating in the evaluation of numerous investment opportunities.

Duties include but are not limited to:

• Coordinate and monitor the workload assigned for each investment partnership which includes monitoring and training the Investment Officer I or Investment Officer II.
• Act as lead to manage and monitor both complex partnership, co-investment and direct investments.
• Lead due diligence for the purpose of considering additional commitments to existing strategic relationships and selected direct investment opportunities.
• Establish and maintain relationships with an assigned group of partnerships and/or direct investments to evaluate performance relative to multiple quantitative and qualitative thresholds over the life of the investment.

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.

Job Type: Full-time

Pay: $9,775.00 - $11,657.00 per month

Benefits:

• Retirement plan
• Vision insurance
• Dental insurance
• Health insurance
• Paid time off
• 401(k)

Work Location: Hybrid remote in Sacramento, CA 95811