The Investment Officer II position is eligible for incentive compensation and has a maximum incentive opportunity of 10% of base salary.
The CalSTRS Investments Branch is seeking an experienced individual to work as an Investment Officer II (IO II) on the Private Equity team.
Established in 1988, 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.
Private Equity is a fast-paced, team-oriented environment with opportunities for training and advancement. While collaborating with some of the best general partners, advisors, consultants and attorneys, you will contribute to the success of one of the largest Private Equity programs in the world. Team members will collaborate with the broader CalSTRS Investment Office and engage in projects ranging from evaluation of co-investments, secondary transactions, and other private equity investment strategies.
Come join the Private Equity team as we work toward our goal of enhancing equity returns and ultimately ensuring retirement benefits for California’s educators!
Under the general direction of the Portfolio Manager, the Investment Officer II provides investment and financial expertise in the independent review and evaluation of new and follow-on partnerships, assisting in the management of a portfolio of domestic and international partnerships, and assisting in the management of co-investment and secondary interest segments of the private equity portfolio. The incumbent provides a high level of investment expertise and performs complex duties requiring a high degree of independence and discretionary judgment.
The ideal candidate will possess the following skills:
- Ability to independently produce analytical reports on various fund strategies including buyout, debt related and venture capital partnership investments.
- Skilled in performing full range of duties associated with the monitoring and management of an assigned existing portfolio of domestic and international private equity partnerships.
- Demonstrated ability to review and evaluate the relative value of various private equity market segments to determine the optimal portfolio structure consistent with the current strategy and investment policy.
- Ability to conduct legal reviews and process amendments to the Limited Partnership Agreements as well as Limited Partnership Advisory Committee consent items.
- Experience with developing written investment recommendations and present written proposals to the Private Equity Investment Review Committee.
- Ability to communicate effectively with individuals from varied experiences, perspectives and backgrounds
- Ability to exercise a high degree of initiative, work independently and skilled in utilizing discretionary judgement.
Duties will be adjusted at the Investment Officer I level.
An incumbent who possesses a professional certification as a Chartered Financial Analyst (CFA) may receive a 5% monthly base pay differential.
Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.
In July 2025, the State of California implemented the Personal Leave Program 2025. This program reduces employees’ monthly base pay in exchange for paid leave credits. This position is subject to PLP 2025 and will have a monthly base pay reduction of 3% in exchange for 5 hours of leave credits for the duration of the program. The salary ranges shown on this job posting do not reflect the reduced amounts.
