Texas Permanent School Fund is an endowment plan with a portfolio of $52.26 billion as of August 31, 2023, held in cash, distressed debt, fixed-income securities, equities, natural resources, real assets, infrastructure, hedge funds, real estate, and private equity. Private equity holdings were worth $8.49 billion on August 31, 2023, or 16.3% of the overall portfolio, up from $7.93 billion on August 31, 2022. Of the private equity allocation, $5.85 billion sits in buyout strategies. The portfolio is currently overweight against the target allocation range of 13%. Strategies span venture capital funds, secondaries, fund of funds, co-investment, private equity growth expansion, diversified private equity, private debt, and buyouts, diversified across geographies worldwide. The infrastructure portfolio was worth $2.48 billion as of August 31, 2023. The executive management team governs the fund's investments, with Mr. Rusty Martin as Deputy Chief Investment Officer & Head of Real Assets. NEPC is the fund's LP Consultant.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
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