Location:
1900 Aldrich Street
Austin, Texas, 78723
United States
Private Equity Sr Analyst - Associate
| Requisition ID: |
req1229 |
Employment Type: |
Unclassified Regular Full-Time (URF) |
| Division: |
Private Equity |
Compensation: |
Depends on Qualifications |
| Location: |
IMD |
Job Closing: |
8/26/2025 |
WHO WE ARE:
With the Investment Management Division (IMD) you will be joining a diverse group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of 2 million public education employees and retirees throughout Texas.
Navigating the current market environment takes innovation and we’re passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with the best financial minds in the business to manage a global portfolio of over $200 billion in public and private investments. Our success starts with you.
The Teacher Retirement System of Texas is seeking a motivated investor to join its Private Equity (PE) team in Austin, TX. PE oversees the Trust's allocation to the private equity asset class. This portfolio represents approximately $33 billion of TRS's approximately $210 billion Trust. The individual selected for this position will work with the PE team in sourcing, underwriting, investing and managing new and existing fund investments across the private equity portfolio. While this role is primarily focused on fund investments, the professional will also spend a portion of their time working with and alongside the principal investment team on co-investment transactions. You will have a unique opportunity to work with leading global investors across a wide variety of private equity strategies, industries and regions.
The ideal candidate for this role is intellectually curious; able to analyze complex data to identify risks and opportunities; has the capacity to work in a fast-paced, collaborative team environment; and is driven to help improve and innovate the team's approach to investing. In addition, the ideal candidate will assist the underwriting process and serve as a point of contact for TRS relationships with PE general partners. Work involves performing due diligence of potential PE investment opportunities and assisting with day-to-day monitoring and reporting of the investment portfolio. In addition, responsibilities may also include assisting the Investment Management Division with fundamental and statistical research and analysis. This position will work under general to limited supervision, with moderate to considerable latitude for the use of initiative and independent judgment. This position reports to a Director of PE.
This position will be filled at one of two levels (Senior Analyst or Associate) depending upon the qualifications of the individual selected and the discretion of the hiring manager. Salary is commensurate with experience.
WHAT YOU WILL DO:
Due Diligence and Analysis
• Performs investment analysis for potential private equity investment opportunities, including principal investments and fund commitments, using any reliable printed or electronic media, partnership offering memoranda, and one-on-one contact with general and limited partners.
• Assists in the conducting of due diligence processes for fund investment opportunities, including a thorough review of Private Placement Memorandum (PPM), financial modeling of various portfolio company analytics, analysis of track records via various benchmarking tools, conducting detailed onsite due diligence sessions and evaluating the overall merits and risks of a potential fund investment across sectors and geographies.
• Communicates analysis of investment opportunities, results, and recommendations with the relevant portfolio managers(s) and/or senior staff via verbal and written reports and presentations, including preparing qualitative and quantitative reports, memoranda, and spreadsheets.
• May assist in conducting reference checks and evaluating the organization's leadership team, strategy, market opportunity, historical and pro-forma financials, operations, and competitive environment of potential investment opportunities.
• Assists in the negotiation of the investment management partnerships.
• Documents and organizes the record of the manager due diligence process.
Portfolio Monitoring
• Consults or coordinates with investment managers, analysts, investment accounting, legal counsel, custodian, third-party advisors, and consultants.
• Evaluates portfolio diversification by geography, sector type, and investment style.
• Assists with the development, monitoring, and reporting of diverse portfolio investments.
• Prepares reports related to performance, risk, and other ad hoc topics related to the PE portfolio.
• Works as part of a team to implement best operational and risk management practices.
• Utilizes TRS portfolio management systems such as DealCloud and PowerBI.
• Ensures that the agency Ethics Policy is adhered to in relationships with general partners, external managers, brokers, research suppliers, and other vendors.
WHAT YOU WILL BRING:
Required Education
• Bachelor’s degree from an accredited college or university with major coursework in business administration, finance, accounting, operations research, math, information technology, liberal arts, or a closely related field.
Required Experience
• One (1) year of full-time professional, directly related, progressively responsible private equity investment experience or other relevant experience involving a high degree of skill in data analysis, financial modeling, and investment evaluation, such as private equity, investment banking, consulting, corporate development, or similar background (Sr Analyst).
• Two (2) years of full-time professional private equity investment experience or other relevant experience involving a high degree of skill in data analysis, financial modeling, and investment evaluation, such as private equity, investment banking, consulting, corporate development, or related experience (Associate).
• A Master’s degree in a related area may substitute for one (1) year of the required experience.
Required Registration, Certification, Licensure
• None
Preferred Qualifications
• Three (3) to five (5) years of full-time professional private equity investment experience or other relevant experience involving a high degree of skill in data analysis, financial modeling, and investment evaluation, such as private equity, investment banking, consulting, corporate development, or similar background.
• Master of Business Administration (MBA) or Master’s degree related to finance.
• Experience in investment banking and/or underwriting private equity direct investments / fund offerings, or
• Certification as a Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CAIA) or working towards CFA/CAIA.
Knowledge of:
• Private equity valuation metrics and markets.
• Investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
• Institutional private equity portfolio management.
• Corporate valuation metrics and techniques.
Skills in:
• Financial modeling and valuation analysis
• Using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
• Conducting data searches and evaluations of large amounts of information, performing complex statistical analysis of the data, and preparing concise and accurate reports and written/oral recommendations.
• Planning, organizing, and prioritizing work assignments to manage a high-volume workload in a fast-paced and changing environment, and in completing detailed work with a high degree of accuracy.
• Verbal and written communication of complex information that is accurate, timely, and based on sound judgment.
Ability to:
• Establish and maintain harmonious working relationships with co-workers, agency staff, and external contacts.
• Work effectively in a professional team environment.
• Travel regularly for business purposes
Military Occupational Specialty (MOS) Codes:
Veterans, Reservists or Guardsmen with experience in the Military Occupational Specialty (
https://www.trs.texas.gov/files/trs-military-crosswalk.xlsx
) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at
careers@trs.texas.gov
with questions or for additional information.
To view all job vacancies, visit www.trs.texas.gov/careers
or www.trs.csod.com/careersite.
For more information, visit www.trs.texas.gov.
