Private Debt Associate Investment Manager

InforCapital; Sacramento (CA); Hybrid; USD 131,000 - 219,000; Full time

Job summary

CalPERS in Sacramento, CA is seeking an Associate Investment Manager for its Private Debt program. This permanent, full-time role, based in Sacramento with a hybrid telework arrangement, supports sourcing, underwriting, and monitoring of private debt investments made on behalf of the fund.

The position sits within CalPERS' Private Markets platform, under a state civil service classification JC-513487, and involves collaboration with an executive search firm assisting in recruitment.

Qualifications

• Experience in private debt/credit investing, underwriting, or portfolio monitoring within a large institutional platform.

Responsibilities

• Support sourcing of private debt investments, underwriting, and ongoing monitoring for the fund.
• Collaborate with the Private Debt investment team to execute and manage investments.
• Coordinate with an executive search firm assisting CalPERS with recruitment.

Skills

Private debt

Credit investing

Underwriting

Portfolio monitoring

Job description

Role Overview

CalPERS (California Public Employees' Retirement System), the nation's largest public pension fund with approximately $590 billion in assets, is hiring an Associate Investment Manager for its Private Debt program in Sacramento, CA. The role sits within CalPERS' Private Markets investment platform and carries the state civil service classification 'Associate Investment Manager, Public Employees' Retirement System' (Job Code JC-513487).

Position Details

• Permanent, full-time position based in Sacramento County with a hybrid telework arrangement
• Part of CalPERS' Private Debt investment team, supporting sourcing, underwriting, and monitoring of private debt investments made on behalf of the fund
• An executive search firm is assisting CalPERS with recruitment for this role

Compensation

• Base salary range: $10,937.50-$18,229.17 monthly (approximately $131,250-$218,750 annualized)
• Eligible for an annual incentive award of 0-60% of salary based on quantitative and qualitative performance measures
• Eligible for a long-term incentive program providing an additional 0-60% of base salary, beginning after five years of service and contingent on the fund's total returns meeting or exceeding board-approved thresholds

About CalPERS

CalPERS is a global institutional investor headquartered in downtown Sacramento, recognized internationally for its investment leadership and innovation. The organization manages retirement and health benefits for California's public employees, retirees, and their families, and is guided by its published Investment Beliefs.

Qualifications

Candidates should have relevant experience in private debt/credit investing, underwriting, or portfolio monitoring consistent with an Associate Investment Manager classification within a large institutional investment platform.