Legacy & Operations Manager, Private Equity

Working Title:

Legacy & Operations Manager, Private Equity

Classification:

ASSOCIATE INVESTMENT MANAGER,PUBLIC EMPLOYEES RETIREMENT SYSTEM

This position is eligible for annual and long-term incentive awards. The annual incentive opportunity is 0 – 60% of salary and is based on the level of achievement against several quantitative and qualitative measures. The long-term incentive program provides an additional opportunity of 0 – 60% of base salary beginning after five years and when absolute total fund returns meet or exceed board-approved thresholds.

# of Positions:

1

Telework:

Hybrid

Job Type:

Permanent, Full Time

Job Description And Duties
Our Private Equity (PE) team is currently seeking an Associate Investment Manager (AIM) to primarily be responsible for supporting the Investment Manager in overseeing the PE Buyout, Legacy, Emerging and Diverse Manager portfolio as well as operational activities including various reports and the PE procedures manual, and drive our CalPERS mission.

Duties Include, But Are Not Limited To

Provide leadership and support on the Private Equity (PE) Policies and Procedures and operational activities in relation to investment underwriting and monitoring, and reporting activity.

Provide leadership and support of all aspects of the PE Legacy Portfolio including the earlier and more recent Emerging and Diverse Manager initiatives.

Lead the negotiation of legal terms within the documents governing investments. Interact with numerous stakeholders, including assigned external management consultants, advisors, and/or legal experts.

Stakeholder and external manager engagement including risk oversight and mitigation.

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.

Sponsorship:

CalPERS does not participate in E-verify for employment authorization purposes.

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