Investment Officer - Private Markets

Indiana Public Retirement System (INPRS’) is among the largest 100 pension systems in the United States. INPRS serves the needs of approximately 500,000 members and retirees representing approximately 1,300 employers, including public universities, school corporations, public safety, municipalities and state agencies. The Indiana Public Retirement System is a public pension fund that manages over $54 billion in assets, making it one of the largest in the United States.

We are located in the heart of the city, in downtown Indianapolis, near the circle & across the street from our monumental state house.
This position will require Indiana state residency. This position is not eligible for H‑1B or any other kind of temporary or permanent sponsorship for work authorization by the Indiana Public Retirement System. Therefore, if you will require sponsorship from us for work authorization now or in the future, we cannot consider your application at this time.

INPRS’ believes that people are the foundation of our success. It takes people with different backgrounds, ideas, and strengths to be successful. Balance in life is important. We strive to have a flexible and supportive environment while not sacrificing service to our members. We pride ourselves by modeling a collaborative, diverse and inclusive environment for our employees. Our mission: “As fiduciaries, educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised defined benefit and defined contribution benefits and services”.

This position is a member of the Investments Team responsible for the INPRS’ multi‑billion dollar investment portfolio. As a member of the Private Markets Team, the Investment Officer – Private markets, is responsible for researching, evaluating, recommending, and monitoring investments within the defined benefit, which may include real estate, infrastructure, private credit, and private equity. The position is involved in all aspects of investment management including asset allocation, portfolio implementation, manager/investment due diligence and selection, as well as portfolio monitoring.

The position also interacts with a wide variety of world‑class managers and gains unique insights into global investments.

• Identify institutional quality fund managers in the target and develop a pipeline of potential fund, co‑investment, and / or secondary investment opportunities.
• Source, analyze, evaluate, and lead due diligence processes for potential fund, co‑investment, and secondary investments.
• Negotiate fund terms and legal documents and oversee legal review of investment opportunities.
• Present investment recommendations for the CIO and Executive Director’s review.
• Monitor investment managers / investments and represent INPRS on advisory boards.
• Assist with the analysis of amendments, consents, elections, and other GP correspondence, and recommend applicable courses of action.
• Ensure that all actions taken in the private equity portfolio are consistent and in accordance with established investment policy guidelines and philosophy. Ensure compliance with contracts.
• Proactively monitor activities of the private equity portfolio including investment transactions, status reports, risk reports, and portfolio performance.
• Participate as an active member of INPRS’ Investments Team.
• Mentor senior investment analyst(s) and investment analyst(s).
• Complete Investments Team strategic projects as assigned.

• Knowledge of investment concepts, terminology, styles, models, strategies, and fundamental investment factors.
• Considerable skill in using a computer in a Windows environment with word processing, spreadsheet, presentation, database, and other business software to prepare correspondence, spreadsheets, charts, and reports.
• Considerable skill in conducting data searches and evaluations of large amounts of information, performing complex analysis of the data, and preparing concise and accurate reports and written / oral recommendations.
• Exceptional skill in planning, organizing, and prioritizing work assignments to manage a high‑volume workload in a fast‑paced,…