INVESTMENT OFFICER III, PUBLIC EMPLOYEES RETIREMENT SYSTEM

Job Title

Anticipated Interview Dates: We anticipate holding virtual interviews approximately two to three weeks after the final file date. We look forward to meeting with you!

CalPERS is one of the largest global private infrastructure investors, with investments in sectors such as digital infrastructure, renewables, power, energy, and transportation. This role offers a unique opportunity to help grow the portfolio, working with top global infrastructure managers and gaining hands-on experience in evaluating and managing infrastructure investments. A strong work ethic and passion for investing are essential for candidates seeking to grow their expertise in this role. Duties include but are not limited to:

• Sourcing and underwriting new investments across commingled funds, co-investments and separate accounts and assisting the Investment Manager in managing the existing portfolio.
• Developing and maintain fluency and knowledge of the infrastructure market, including assigned infrastructure managers, portfolios, operating and shareholder agreements.
• Participate in strategic planning and portfolio reporting projects and in making recommendations to Senior Management and Investment Committees.
• Participate in educational sessions and sector updates to develop sector investment expertise.
• Occasional domestic and/or potential international travel

Permanent full-time employees who possess certification as a Chartered Financial Analyst may receive a monthly pay differential of 5%. Every 12 months, based on performance evaluation, employees may receive a salary increase until they reach the maximum salary for the position.

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: This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for a visa sponsorship now or in the future. CalPERS does not participate in E-Verify for employment authorization purposes.

Effective July 1, 2025, the California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025). PLP 2025 directs that each employee shall receive a 3 percent reduction in pay in exchange for 5 hours of PLP 2025 leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.

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You will find additional information about the job in the Duty Statement.