Job Description

Job Description and Duties

Interview Dates: We anticipate holding in-person interviews beginning the week of July 28, 2025. We look forward to meeting with you!

Our Private Equity program is currently seeking an Investment Officer I to assist with underwriting and monitoring a private equity fund and co-investment portfolio, and to support the CalPERS mission.

Duties include, but are not limited to:

• Assist with the underwriting of private equity investments, including funds and co-investments.
• Perform analytics on GP-provided diligence materials to create Excel tables and charts to be included in the investment memo, and draft the corresponding commentary within the memo.
• Assist with the monitoring of private equity funds and co-investments, including virtual and in-person meetings with the General Partner, advisory committee meetings, co-investment updates, and other meetings in a support role to more senior investment staff.
• Compile due diligence materials and legal documents as part of the closing binder process.

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:

• Prior professional investment experience
• Strong analytical skills with attention to detail
• Professional certification such as CFA, CPA, or CAIA
• Ability to work independently and in groups
• Strong written and verbal communication skills

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 a shuttle service on Tuesdays, Wednesdays, and Thursday

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 United States without the need for visa sponsorship. CalPERS does not participate in E-Verify for employment authorization purposes.

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, Remote job, Flexible hours, Monday to Friday,

Similar Jobs