CalPERS – Associate Investment Manager

Jun 25, 2026 \| Careers

Position Summary

Our Private Debt (PD) Asset Class is currently seeking an Associate Investment Manager (AIM) who will assist in the management of the CalPERS Private Debt Portfolio and Enhanced Return Portfolio. This includes actively contributing to the implementation of the strategy, as an active member of deal teams and project teams. The AIM will maintain a positive team management approach while demonstrating CalPERS’ Core Values of Quality, Respect, Integrity, Openness, Accountability, and Balance in accordance with personal work ethic in alignment with CalPERS Investment Beliefs.

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 $590\.32 billion as of March 27, 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.

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POSITION DETAILS