Investment Analyst, Real Assets

Equal Opportunity Employer

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Position Details

Job Code #:

JC-524062

Position #(s):

275-640-4656-023

Working Title:

Investment Analyst, Real Assets

Classification:

INVESTMENT OFFICER I, PUBLIC EMPLOYEES' RETIREMENT SYSTEMS

$4,365.00 - $8,290.00

This position is eligible for a Charter Financial Analyst (CFA) pay differential. Permanent full-time employees who possess certification as a CFA may receive a 5% monthly base pay differential.

New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.

# of Positions:

1

Work Location:

Sacramento County

Telework:

Hybrid

Job Type:

Permanent, Full Time

Department Information

California Public Employees’ Retirement System (CalPERS) is a global institutional investor and the nation’s largest public pension fund, with assets of approximately $636.76 billion as of July 6, 2026. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement. Our people are deeply committed to our Mission & Vision and their decisions and actions are guided by our Investment Beliefs .

If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website !

To take a look at CalPERS as a destination employer, view this YouTube video .

Job Description And Duties

Anticipated Interview Dates: We anticipate holding virtual interviews beginning the week of August 17, 2026. We look forward to meeting with you!

Our Real Assets (RA) unit is seeking an Investment Officer I (Junior Investment Analyst) to support private markets investment activities. In this role, you will assist with asset management, investment analysis, and market research while building foundational experience within the Infrastructure team.

Duties Include But Are Not Limited To:

• Assisting with asset management by gathering data, reviewing reports, and helping monitor portfolio activity
• Supporting investment reviews by conducting research and preparing analysis for new private-market opportunities
• Contributing to strategic plans and research by sourcing, organizing, and summarizing data on sectors, markets, and trends

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 United States without the need for visa sponsorship. 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 PLP 2025 leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.

How did you hear about this position? Tell us in this brief survey .

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

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 websit…