Investment Analyst

Title: Investment Analyst 

Location: Austin, Texas

time type

Full time

job requisition id

JR100116

Who We Are 

The Texas Permanent School Fund (PSF) is a constitutionally established education endowment with more than 180 years of history supporting Texas public schools. Today, PSF manages more than $60 billion in assets through a diversified, long-term investment strategy designed to generate sustainable returns, preserve the Fund for future generations, and support Texas K–12 education. 

Our portfolio spans a broad range of public and private market strategies, including public equities, private and public credit, real estate and real assets, private equity, absolute return strategies, venture capital, and co-investments. Across the portfolio, Texas PSF works with leading investment firms and managers across markets and strategies. 

In addition to providing permanent funding for Texas public schools, the Fund also supports the Bond Guarantee Program, helping school and charter districts access lower borrowing costs and directing more resources toward classrooms and students. Our work supports more than 5 million students across 1,000+ school districts statewide. Guided by fiduciary responsibility, integrity, and service to Texans, PSF combines institutional scale with an enduring mission: strengthening public education and investing in Texas’s future.

Job Summary 

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.

What You’ll Do 

Investment Due Diligence & Portfolio Support

• 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

Market & Investment Research

• 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

Financial & Investment Analysis

• 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

Operations & Administrative Support 

• Provide general support to the team on a day-to-day basis 

• Maintain thorough records for both public and private credit strategies 

What We’re Looking For 

• 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 

Preferred but not required  

• Progress toward CFA, CAIA, or equivalent finance certifications 

• PowerPoint and Presentation skills 

• Willingness to learn and adapt to new technologies, methodologies, and market dynamics 

• Awareness of economic indicators and market trends 
   

Travel/Schedule Requirements 

• Domestic up to 10%. 

• Hybrid office/telework schedule. 

• Ability to work/travel outside of normal business hours. 

Key Benefits 

Texas PSF’s status as a special purpose governmental corporation allows for a unique opportunity to provide state employee benefits along with other company perks. Our extensive state employee benefits package includes retirement benefits, employer‑paid health and basic life insurance, generous paid holidays, and multiple retirement options—along with longevity pay and a range of optional insurance plans.  Employees also enjoy various in-house training and professional development opportunities, free downtown parking, flexible work arrangements, and an office location near the Moody Amphitheater at Waterloo Park.