Investment Analyst (Multiple Openings)

Texas Permanent School Fund Corporation•Downtown Austin, TX

3d•Hybrid

About The Position

The Texas Permanent School Fund (PSF) is a constitutionally established education endowment with a 150+ year history of supporting Texas public schools. Today, PSF manages more than $60 billion in assets and invests with a long-term perspective to generate sustainable funding for Texas K–12 education. Our $60 billion portfolio is diversified across major asset classes, including venture capital, co-investments, private & public credit, ARS/equities, real assets, and private equity. This breadth provides exposure to a wide range of investment strategies and allows us to leverage deep expertise across the portfolio. Through disciplined investing and strong operational, legal, financial, and governance functions, Texas PSF serves as a careful steward of public capital. Our work helps secure billions of dollars in school district bonds and supports more than 5 million students across 1,000+ school districts statewide. Guided by principles of fiduciary responsibility, integrity, and service to Texans, PSF plays an enduring role in strengthening public education and investing in Texas’s future. We are seeking an Investment Analyst with up to two years of experience in investment banking, endowment investing, asset management, or related investing roles or internships. These openings span several investment strategies including venture capital, private and public credit, and absolute return strategies.

Requirements

Bachelor's degree in finance, Accounting, Economics, or a related field
Up to 2 years in investment banking, finance, consulting or investing
Strong financial modeling and excel skills
Strong understanding of credit metrics and capital structures
Proficiency with Bloomberg or PitchBook or Power BI or Tableau
PowerPoint and Presentation skills
Willingness to learn and adapt to new technologies, methodologies, and market dynamics
Awareness of economic indicators and market trends

Nice To Haves

Progress toward CFA, CAIA, or equivalent finance certifications

Responsibilities

Support due diligence on prospective investments, investment managers, and co-investment opportunities across public and private markets
Evaluate investment opportunities through company, industry, manager, and market research alongside senior investment professionals
Monitor existing investments and assess performance, risk, exposures, and other relevant portfolio developments
Prepare investment materials and analysis to support investment recommendations and portfolio decisions
Assist senior investment professionals with portfolio management, investment monitoring, and program administration
Research companies, industries, investment managers, markets, and emerging themes to identify potential risks and opportunities
Conduct macroeconomic, market, and strategy-specific research to support investment decisions
Analyze trends across public and private markets, including venture capital, credit, public equities, and absolute return strategies
Perform financial and investment analysis appropriate to the strategy, including company analysis, credit analysis, manager evaluation, and investment modeling
Analyze financial statements, business fundamentals, capital structures, investment performance, and risk
Develop portfolio and investment analyses assessing factors such as performance, liquidity, risk, exposures, and underlying fundamentals
Provide general support to the team on a day-to-day basis
Maintain thorough records for both public and private credit strategies