Allocator CareersUpdated Jul 21, 2026
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Sovereign wealth

Texas Permanent School Fund

state-owned permanent endowment fund2 — Austin.

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Overview

Professional Opportunities Put your expertise to work for a mission that matters.1

Texas Permanent School Fund's investment capital supports sovereign or public-sector financial objectives.2

Investment program

Estimated AUM
$60.6B as of Aug 31, 20253
Capital pool
state-owned permanent endowment fund2
Investment model
The Texas Permanent School Fund uses a mixed implementation model. Its 2023 report identifies internal management for areas such as domestic equity, core fixed income, Treasuries, commodities, and TIPS, and external managers or partners for international equity, emerging-market debt, high yield, private equity, real estate, and real assets.4
Investment approach
Never static, we’re continually improving and evolving to deliver on our vision of generating superior long-term investment returns for Texas public schools.1
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: venture capital, fixed income.1
Performance
Not listed yet
Governance
The board’s responsibilities include approving the asset allocation policy for the Fund, approving performance benchmarks for the total Fund and for individual asset classes, evaluating the investment performance of the portfolio, ensuring compliance with the asset allocation, and assessing risk to the fund.1
Investment team
The investment organization includes a CEO/CIO, an Executive Vice President/Deputy CIO/Head of Strategic Partners, and investment units covering public equity, private equity, credit, real estate and real assets, absolute return, co-investments, emerging managers, risk, and investment operations.5
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (texaspsf.org)Parent organization overview, Investment approach, Asset allocation, Governance · checked Jul 25, 2026
  2. Website (texaspsf.org)Pool purpose, Capital pool · checked Jul 25, 2026
  3. Website (texaspsf.org)Estimated AUM · checked Jul 25, 2026
  4. Annual report (texaspsf.org)Investment model · checked Aug 6, 2026
  5. Other source (texaspsf.org)Investment team · checked Aug 6, 2026
  6. Other source (texaspsf.org)Investment office page · checked Aug 6, 2026

Reports and filings

Profile and job sources