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The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III 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, equity expansion, 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 leaders and engage in projects ranging from evaluation of co-investments, secondary transactions, and other private equity investment strategies.
Responsibilities of the Investment Officer III include:
Serving as a high-level specialist to provide investment expertise for the private equity industry in the areas of market analysis, strategy, and fund and co-investment portfolio management.
Assisting in the management of a portfolio of domestic and international private equity funds including buy-out, venture capital and special situation funds with total return objectives as defined by policy guidelines.
Serving as a lead to other investment staff to mentor, train and guide investment staff on private equity-related policies, practices, analysis and standards.
Representing CalSTRS at investment and private equity meetings to communicate CalSTRS objectives for the successful development of the portfolio.
This position is eligible for incentive compensation and has a maximum incentive opportunity of 20% of base salary
An Investment Officer III who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
The ideal candidate will be results oriented with proven knowledge and experience with investment in private equity or a related field.
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:
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
CalSTRS offers a competitive pay schedule and a work-life-balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee’s bargaining unit and conditions of employment. Some benefits include:
Alternative work schedules
Flexible work hours
Remote work options
Medical benefits, including health, dental and vision insurance
Paid holidays and a defined benefit retirement program
More than four weeks of vacation/sick leave for leaders
More than three weeks of vacation/sick leave for staff
Health insurance in retirement
Employee Assistance Program
Loan forgiveness under the federal Public Service Loan Forgiveness Program
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