Associate Investment Manager, Infrastructure

The California Public Employees Retirement System (CalPERS), the nation largest public pension fund with approximately $607 billion in assets, is seeking an Associate Investment Manager for its Infrastructure investment program. Based in Sacramento with hybrid work flexibility, the role involves direct infrastructure investment management for one of the world most significant institutional investors. The position is classified under the Associate Investment Manager, Public Employees Retirement System category with a monthly salary range of $10,937 to $18,229, plus annual incentive opportunity of 0-60% of salary based on quantitative and qualitative performance measures, and long-term incentive awards beginning after five years when absolute total fund returns meet or exceed board-approved thresholds. This is a permanent, full-time position within CalPERS Investment Office, reporting to the Infrastructure team.