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Type of Role: InvestmentsOperations

Experience Level: VP/Principal/Director

Location: Sacramento , California

Salary: $117K - $140K

The California State Teachers’ Retirement System (CalSTRS) has $309 billion in AUM and provides retirement, disability and survivor benefits for California’s 965,000 prekindergarten through community college educators and their families.

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III on the Private Equity team. This is a dynamic role that operates within a fast-paced, team-oriented environment to evaluate co-investments, secondary transactions, and other private equity-related investment strategies in order to contribute to the success of one of the largest private equity programs in the world.

Under the general direction of the Portfolio Manager, the Investment Officer III – Direct Investments is expected to perform with a high degree of independence and serve as a high-level specialist to provide investment expertise in co-investment underwriting and portfolio management for the private equity industry. This position will be responsible for coordinating efforts to manage and co-monitor a portfolio of private equity partnerships and co-investments (primary and secondary) in the U.S. and internationally. Additionally, this position may be asked to work on efforts (underwriting or monitoring) outside of co-investments, but within the broader Private Equity ecosystem.

The ideal candidate will possess the following skills:

  • Bachelor’s degree in Business, Finance, Economics, or related field
  • CFA, CAIA, or other industry certification
  • Private Equity investment experience
  • Co-investments or direct deal experience
  • 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
  • Excellent written and verbal communication skills
  • Ability to communicate complex ideas and information into cohesive written documents
  • Ability to work effectively as an individual and as part of a team to support team, unit, and Investments Branch goals
  • Ability to manage competing priorities and effectively prioritize workload to ensure all deadlines are met
  • Strong work ethic, high integrity, and desire to learn