CalSTRS · 3 days ago
Investment Officer III, Direct Investments
Yolo County, CA
Full-time
Hybrid
Senior Level
$128K/yr - $153K/yrCalSTRS is seeking an experienced individual to work as an Investment Officer III on the Private Equity team. The role involves providing investment expertise in co-investment underwriting and portfolio management for the private equity industry, while collaborating with various stakeholders to enhance equity returns for California's educators.
Employee BenefitsGovernmentRetirement
Responsibilities
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
Coordinate efforts to manage and co-monitor a portfolio of private equity partnerships and co-investments (primary and secondary) in the U.S. and internationally
Work on efforts (underwriting or monitoring) outside of co-investments, but within the broader Private Equity ecosystem
Qualification
Required
Undergraduate degree or possession of an advanced degree in finance, accounting, economics, mathematics, or other similar fields
Knowledge of investment principles
Knowledge of private market-based investment strategies (private equity, private credit, venture, secondaries, mezzanine, and distressed)
Experience within private markets, including all aspects of portfolio management, direct investment, investment manager selection, and diligence processes within an institutional environment
Experience in underwriting, investment due diligence and writing investment recommendation memos
Strong understanding of financial statements and accounting concepts
Strong financial modeling, portfolio analytics and presentation skills
Excellent written and verbal communication skills
Experience in interaction with external management consultants, advisors, and/or legal experts
Team player with a strong work ethic, high integrity, and desire to learn
CFA designation or other professional certification such as CAIA
Benefits
Incentive compensation
Maximum incentive opportunity of 20% of base salary
5% monthly base pay differential
5% salary increase based on performance evaluation
Personal Leave Program 2025
Company
CalSTRS
Established in 1913 to provide retirement benefits to California’s public school educators from prekindergarten through community college.
Founded in 1913
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Cassandra Lichnock
Chief Executive Officer
Scott Chan
Chief Investment Officer
Recent News
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2025-12-16
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