Investment Officer III, Direct Investments

The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer III on the Private Equity team.

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.).
 

Under the general direction of the Portfolio Manager, the Investment Officer III – Direct Investments is expected to perform with a high degree of independence and serve as a high-level specialist to provide investment expertise in co-investment underwriting and portfolio management for the private equity industry. This position will be responsible for coordinating efforts to manage and co-monitor a portfolio of private equity partnerships and co-investments (primary and secondary) in the U.S. and internationally. Additionally, this position may be asked to work on efforts (underwriting or monitoring) outside of co-investments, but within the broader Private Equity ecosystem.

The ideal candidate will be results-oriented with proven knowledge and experience with co-investments or direct deal making in private equity or a related field.