Private Equity Associate Investment Manager

Anticipated Interview Dates: We anticipate holding virtual interviews approximately one month after the final filing date. We look forward to meeting with you!

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 Private Equity (PE) program is currently seeking an Associate Investment Manager (AIM) to be responsible for assisting with the day-to-day management and administration of the PE Program as directed and to act as lead for coordination and work review.

Duties include, but are not limited to:

• Lead investment analysis, including identifying drivers and detractors of investment performance; such items include performance by industry sector, purchase price multiple, leverage level, company size, geography, vintage year, and deal partner.
• Plan and conduct due diligence on proposed investments, evaluating terms, financial statements, legal documents, partnership agreements, and other economic characteristics of investment alternatives, including secondary market transactions such as purchase and sale agreement negotiations and pricing analysis.
• Make recommendations, advocate for new investments, and produce independent and detailed investment memos for the PE Team that evaluate the merits of proposed investments.

You will find additional information about the job in the Duty Statement .

• May assist with office coverage from 9:00 a.m. 6:00 p.m.
• Periodic domestic or international travel may be required to conduct investment due diligence and/or to attend Limited Partners Advisory Board Meetings and Private Equity and related conferences.