The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III on the Private Equity team.
The California State Teachers’ Retirement System was established in 1913 to provide retirement benefits to California’s public school educators from prekindergarten through community college. Today, CalSTRS is the largest educator-only pension fund in the world, and the second-largest pension fund in the U.S. CalSTRS serves California’s 976,000 public school educators and their families from the state’s 1,600 school districts, county offices of education, and community college districts.
Established in 1988, the CalSTRS Private Equity program invests globally in partnerships, separate accounts, general partner interests, secondary interests, and co-investments. Investments include buyouts, growth equity, debt-related, and venture capital. External advisors support the program by providing investment selection advice, research and gate-keeping services. There are 36 staff positions dedicated to the Private Equity team including five Investment Officer III positions. CalSTRS maintains a long-term policy target for Private Equity of 13 percent, translating to a portfolio in excess of $40 billion.
Private Equity operates within a fast-paced, team-oriented environment with opportunities for training and advancement. While collaborating with world class general partners, advisors, consultants and attorneys, you will contribute to the success of one of the largest private equity programs in the world. You will collaborate both with other members of the Private Equity team and the broader CalSTRS Investment Office to engage in projects ranging from evaluation of co-investments, secondary transactions, and other private equity-related investment strategies (e.g. primary funds, private credit, venture capital, etc.).
The California State Teachers’ Retirement System (CalSTRS) is the largest educator-only pension fund in the world. CalSTRS proudly provides retirement, disability and survivor benefits to California’s 976,000 public school educators and their families.
The Investments Branch manages the investment portfolio for the nation’s second largest public pension fund; providing retirement, disability and survivor benefits to California’s more than 976,000 K-12 teachers, plus community college educators and their families. The Investments Branch manages a portfolio that is broadly diversified into seven asset categories with assets totaling approximately $318.4 billion as of August 31, 2021. In 2020, the CalSTRS Investments Branch was named in Pensions & Investments magazine’s “Best Places to Work in Money Management” list for the sixth time since 2013, and our employees continue to support an inclusive environment.
We encourage you to join our world-class financial services institution and state agency. Our headquarters and member service centers located across the state feature sustainable construction, plenty of natural lighting and functionally-designed work spaces. At our LEED Platinum headquarters in West Sacramento, enjoy the full service cafe, free onsite fitness center, bicycle library and walks along the Sacramento River. In addition to state-of-the-art amenities, we offer thriving wellness and sustainability programs, an award-winning employee recognition program, and ongoing learning and development opportunities.