Job Description
California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $547.17 billion as of June 20, 2025. 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 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 & Vision, and their decisions and actions are guided by our Investment Beliefs.
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.
Job Type: Full-time
Pay: $4,238.00 - $8,049.00 per month
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- Monday to Friday
Work Location: Hybrid remote in Sacramento, CA 95811