Senior Investment Analyst - Co-Investments

Texas Permanent School Fund; Austin (TX); Híbrido; USD 85.000 - 125.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Health insurance

Flexible work arrangements

Parking/Transit benefits

Descripción de la vacante

Texas Permanent School Fund seeks a Senior Investment Analyst to join the Co-Investments team, bringing 2+ years of experience across investment banking, private equity, or related investing roles.

You will conduct due diligence, build financial models, support underwriting, and monitor portfolio investments, collaborating with internal teams and external partners on direct investments across multiple industries.

Formación

• Bachelor’s degree in Finance, Economics, or related field
• 2+ years of experience in investment banking, private equity, private credit, asset management, endowment investing, or related roles
• Strong financial modeling and Excel skills
• Solid understanding of financial statements, valuation methodologies, and capital structures
• Proficiency with Bloomberg, PitchBook or Power BI

Responsabilidades

• Support due diligence processes by evaluating investment opportunities, conducting company and industry research, maintaining deal flow tracking, and drafting investment memoranda and internal materials
• Monitor and assess existing portfolio investments, including company performance, valuation developments, and key risk factors
• Evaluate new co-investment opportunities alongside senior investment personnel, including business quality, transaction structure, and return potential
• Assist senior investment personnel with transaction execution, portfolio management, and program administration
• Build and maintain financial models to evaluate investment opportunities, including operating forecasts, valuation analyses, capital structures, and return scenarios

Conocimientos

Financial modeling

Excel

Valuation

Due diligence

Portfolio management

Educación

Bachelor’s degree in Finance/Economics

Herramientas

Bloomberg

PitchBook

Power BI

Descripción del empleo

Who We Are

The Texas Permanent School Fund (PSF) is a constitutionally established education endowment with more than 180 years of history supporting Texas public schools. Today, PSF manages more than $60 billion in assets through a diversified, long-term investment strategy designed to generate sustainable returns, preserve the Fund for future generations, and support Texas K-12 education.

Our portfolio spans a broad range of public and private market strategies, including public equities, private and public credit, real estate and real assets, private equity, absolute return strategies, venture capital, and co-investments. Across the portfolio, Texas PSF works with leading investment firms and managers across markets and strategies.

In addition to providing permanent funding for Texas public schools, the Fund also supports the Bond Guarantee Program, helping school and charter districts access lower borrowing costs and directing more resources toward classrooms and students. Our work supports more than 5 million students across 1,000+ school districts statewide. Guided by fiduciary responsibility, integrity, and service to Texans, PSF combines institutional scale with an enduring mission: strengthening public education and investing in Texas's future.

Job Summary

We are seeking a Senior Investment Analyst with more than two years of experience in investment banking, private equity, private credit, asset management, or related investing roles to join the Co-Investments team at Texas PSF Corporation.

In this role, you will help evaluate and execute direct investment opportunities alongside leading sponsors and investment partners. Responsibilities include conducting detailed company and industry due diligence, building and analyzing financial models, supporting transaction underwriting, and monitoring portfolio investments. This role offers significant exposure to direct investing across industries and close collaboration with internal investment professionals and external partners.

What You'll Do

Investment Due Diligence & Portfolio Support

• Support due diligence processes by evaluating investment opportunities, conducting company and industry research, maintaining deal flow tracking, and drafting investment memoranda and internal materials

• Monitor and assess existing portfolio investments, including company performance, valuation developments, and key risk factors

• Evaluate new co-investment opportunities alongside senior investment personnel, including business quality, transaction structure, and return potential

• Assist senior investment personnel with transaction execution, portfolio management, and program administration

Market & Investment Research

• Analyze industries, companies, and market trends to identify attractive investment opportunities and risks

• Conduct macroeconomic, sector, and competitive research to support underwriting and investment decisions

Financial Analysis & Modeling

• Build and maintain financial models to evaluate investment opportunities, including operating forecasts, valuation analyses, capital structures, and return scenarios

• Perform company, industry, and transaction analysis to support investment recommendations and portfolio management activities

Operations & Administrative Support

• Provide general support to the team on a day-to-day basis

• Maintain thorough records related to portfolio investments, due diligence activities, and transaction documentation

What We're Looking For

• Bachelor's degree in Finance, Accounting, Economics, or a related field

• Over 2 years of experience in investment banking, private equity, private credit, asset management, endowment investing, or other investing roles

• Strong financial modeling and Excel skills

• Strong understanding of financial statements, valuation methodologies, transaction structures, and capital structures

• Proficiency with Bloomberg, PitchBook or Power BI

Preferred but Not Required

• Progress toward CFA, CAIA, or equivalent finance certifications

• PowerPoint and presentation skills

• Willingness to learn and adapt to new technologies, methodologies, and market dynamics

• Awareness of economic indicators and market trends

Travel/Schedule Requirements

• Domestic travel up to 10%

• Hybrid work schedule

• Ability to work and travel outside normal business hours

Key Benefits

Texas PSF's status as a special purpose governmental corporation allows for a unique opportunity to provide state employee benefits along with other company perks. Our extensive state employee benefits package includes retirement benefits, employer-paid health and basic life insurance, generous paid holidays, and multiple retirement options - along with longevity pay and a range of optional insurance plans. You can find additional benefits details at www.ers.texas.gov. Employees also enjoy various in-house training and professional development opportunities, free downtown parking, flexible work arrangements, and an office location near the Moody Amphitheater at Waterloo Park.