Private Equity Senior Analyst

The Teacher Retirement System of Texas (TRS) is seeking a Private Equity Senior Analyst to join its PE Principal Investments division within the Investment Management Division (IMD). TRS manages a global portfolio of over $225 billion in public and private investments on behalf of 2 million public education employees and retirees throughout Texas.

Role Overview

The Senior Analyst will conduct due diligence and investment analysis for private equity co-investments and fund investments across multiple sectors and geographies. Reporting directly to a Private Equity Director, the role offers significant latitude for initiative and independent judgment within a collaborative, high-performing team environment.

Key Responsibilities

Due Diligence and Analysis:

- Perform due diligence and investment analysis to evaluate co-investments across multiple sectors and geographies, with a smaller portion of time evaluating fund investments

- Evaluate overall merits, risks, valuation, return profiles, and terms of Private Equity and Venture Capital transactions alongside investment partners

- Review detailed company information, conduct in-depth industry analysis, and complete reference checks

- Build complex financial (LBO) models and perform valuation analyses (comparable and DCF) to assess transaction attractiveness

- Communicate analysis of investment opportunities, results, and recommendations to stakeholders

- Support ongoing monitoring and reporting of the investment portfolio

Ideal Candidate

The ideal candidate is intellectually curious, capable of analyzing complex data to identify risks and opportunities, and able to thrive in a fast-paced, collaborative environment. A strong motivation to contribute to and enhance the team's investment approach through thoughtful analysis and innovation is essential.

Compensation and Benefits

TRS IMD offers a competitive compensation package consisting of base salary, annual performance incentive bonus, a defined-benefit pension plan, 401(k) and 457 retirement plans, and comprehensive benefits. Salary is commensurate with experience.

Application Deadline: July 17, 2026. Candidates must attach a resume including relevant work experience, education, GPA, and standardized test scores.