Portfolio Manager, Full-Time

Head of Private Asset Operations State Teachers' Retirement System The CalSTRS Investments Branch is seeking an experienced individual to work as a Portfolio Manager on the Investment Operations team. Investment Operations is critical to the execution, oversight, and safeguarding of the total fund. The team supports the full investment lifecycle—from portfolio onboarding through trade execution, cash management, and reporting-while maintaining robust control frameworks. Through strong partnerships and a focus on scalable solutions, Investment Operations helps drive efficient execution, supports new and evolving strategies, and mitigates operational and custodial risk across a global portfolio. Under the general direction of the Senior Head of Investment Operations and Services, the Portfolio Manager (PM) for Private Asset Operations provides leadership, subject matter expertise, operational oversight, and cross-functional coordination to ensure high-quality, risk-aware execution of CalSTRS’ private asset investment strategies. The PM supports scalable growth in private markets by strengthening governance, enhancing operational workflows, and ensuring private asset strategies are fully integrated with CalSTRS’ trading, analytics, risk, valuation, and reporting platforms. Deep understanding of private equity, private credit, real estate, infrastructure, hedge funds, and other private market structures. Experience overseeing and executing daily private asset operations teams who are executing capital calls, distributions, settlements, asset transfers, transitions, and complex private asset transactions with high accuracy and control. Ability to manage private market transaction execution and knowledge of operational techniques related to institutional investment private asset portfolios, including design and construction of private asset vehicles, due diligence, negotiation and closure, monitoring, reporting restructuring, and exiting. Ability to lead strategic modernization initiatives and knowledge of best practice project management principles and methodologies. Proven ability to establish and refine operational processes, ensuring they are repeatable, scalable, risk-aware, and aligned with operational risk frameworks. Knowledge of private asset operational processes and controls, trading and portfolio management platforms, modernized systems, and data tools (i.e. Canoe, Colmore (FAIR/eFront), State Street or other custody/ABOR systems, Bloomberg, BlackRock Aladdin, and other investment operations tools). Strong Excel and data analysis and reporting capabilities. Ability to maintain accuracy in a high-volume risk environment. Knowledge of investment principles and practices, investment types and markets. Experienced leader skilled in hiring, mentoring, performance management, and developing high-performing investment teams and resourcing plans. Ability to maintain accuracy in a high-volume risk environment. Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), Financial Risk Manager (FRM), Certified Investment Management Analyst (CIMA) or Chartered Alternative Investment Analyst (CAIA) may receive a 5% monthly base pay differential. Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position. Relocation benefits may be available. CalSTRS offers a hybrid approach including in-office and remote work solutions based on business needs. All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location. PORTFOLIO MANAGER PORTFOLIO MANAGER $16,667.00
- $25,000.00 New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable. Securing the financial future and sustaining the trust of California's educators CalSTRS is the largest educator-only pension fund in the world, providing retirement, disability and survivor benefits to California's more than 1 million public school educators and their families. The Investments Branch manages a portfolio that is broadly diversified into seven asset categories with assets totaling approximately $389.5billion as of November 30, 2025. In 2025, the CalSTRS Investments Branch was named one of the Best Places to Work in Money Management by the Pensions & Investments magazine for the eleventh time since 2013. CalSTRS is committed to setting best practice precedents, implementing innovative diversity and inclusion principles, motivating positive change, and advancing the worlds investment markets. We do this by establishing collaborative relationships across a vast network of investment managers, portfolio companies and industry associations