Asset Owner Directory

Texas Permanent School Fund

Texas Permanent School Fund (TPSF) is an endowment based in Austin, Texas. Established in 1854 for the benefit of the public schools of Texas, since its inception the fund has been financing public schools in the State of Texas. The endowment is managed by the Texas Education Agency (TEA). The assets of the endowment fund are managed by the finance committee.

Country

United States

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$57

Performance (%, 1YR)

10.12

Chief Executive

Robert Borden

Chief Investment Officer

Robert Borden

Chair

Tom Maynard

Asset allocation
Target allocation

2% Cash

10% Core Bonds

2% High Yield

4% Bank Loans

2% TIPS

14% Large Cap US Equity

6% Small/Mid Cap US Equity

7% Non-US Developed Equity

3% Absolute Return

12% Real Estate

20% Private Equity

8% Private Credit

5% Natural Resources

5% Infrastructure

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