Legacy & Operations Manager, Private Equity

Job Description and Duties

Anticipated Interview Dates: We anticipate holding in-person interviews approximately one month after the final filing date. We look forward to meeting with you!

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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Special Requirements

Minimum Qualifications

All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. The Classification Specification is located on this Job Posting under "Minimum Requirements."

Please Note: You may need to pass an examination to establish list eligibility prior to any type of job offer. To find and take an exam, visit the CalHR’s CalCareers website .

Career Services & Outreach

Need help with your state application, resume, Statement of Qualifications, or interview preparation?

The CalPERS Career Services & Outreach (CSO) team provides comprehensive support throughout the CalPERS hiring process. Our services include one-on-one online consultations for application assistance, Statement of Qualification review, and interview preparation. To schedule an appointment and receive personalized guidance from our team, please use the following link: CalPERS Career Services Consultations .

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• Knowledge of macroeconomic indicators and how they interact with the business cycle and the performance of financial assets.
• Empathy and appreciation for operating in a one team one fund, consensus driven environment as a key part of the underlying success in the CalPERS environment.
• A high degree of initiative, professionalism, confidentiality, and ability to work well under pressure in an often fast-paced environment.
• Ability to be flexible and adaptable to changes in priorities, assignments, and interruptions which may impact pre-established timelines and courses of action.
• Excellent written and verbal communication, attention to detail and organizational skills.

Benefits

CalPERS team members are eligible for a number of benefits. Health benefits and leave programs are available for most team members. Benefit eligibility may depend on length of service and collective bargaining agreements.

Some added benefits CalPERS offers include:

• 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

For more details about employee benefits, visit the California Department of Human Resources website.

Additional Information

Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.

CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)

Background Investigation
In addition to Live Scan, this position requires additional background screening prior to employment.

Surety Bond
Must be able to qualify for a Surety Bond.

Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents include, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is optional. It may be included, but is not required.