Website California Public Employees' Retirement System (CalPERS)
About California Public Employees’ Retirement System (CalPERS)
California Public Employees’ Retirement System (CalPERS) is the largest public pension fund in the United States, managing the retirement benefits for California’s public employees. With assets of approximately $627.93 billion as of May 2026, CalPERS is known for its leadership in investment practices and its commitment to sustainability, particularly climate solutions. Headquartered in Sacramento, CA, CalPERS is dedicated to serving its members and the community. The organization provides competitive benefits and encourages a diverse and inclusive workforce.
About this Role
The Sustainable Investments Associate Investment Manager will play a pivotal role in advancing CalPERS’ climate-focused strategies within the private markets portfolio. This position requires collaboration with investment managers to support underwriting processes for climate-centric funds and investments. The role includes mapping climate solution investments across private asset classes and tracking the portfolio’s climatic initiatives to align with CalPERS’s sustainability objectives. This position allows for a hybrid work arrangement with both remote and in-office workdays.
Responsibilities
- Support the Investment Director and/or private asset class Investment Manager(s) in the underwriting process for energy transition focused funds and/or climate solutions co-investments.
- Map the private climate solutions investment landscape across relevant asset classes.
- Monitor market developments, emerging sectors, and evolving manager strategies.
- Contribute to CalPERS climate and performance goals accountability and transparency efforts by supporting the tracking, measurement, and reporting of the private markets portfolio’s climate solutions exposure.
Requirements
- Advanced Business or Finance degree.
- CFA designation is a strong complement.
- Deep experience in private markets including fund investments, co-investments, and direct investments.
- Advanced proficiency in financial modeling, DCF analysis, project finance, and portfolio valuation.
- Demonstrated ability in stakeholder management and mentoring junior investment professionals.
Benefits
- Health benefits and leave programs.
- Alternate work schedules.
- Flexible work hours.
- Onsite childcare facility.
- Onsite fitness center.
- Onsite café and nearby restaurants.
- Free onsite parking available Mondays and Fridays, subject to change.
- Free offsite parking available with shuttle service Tuesdays, Wednesdays, and Thursdays.
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