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.
United States
$60
8.20
Robert Borden
Robert Borden
Tom Maynard
2.22% Short Term Investment Portfolio
9.09% Core Bonds
2.61% High Yield
6.5% Bank Loans
13.08% Large Cap U.S. Equity
6.21% Small/Mid-Cap U.S. Equity
8.48% Non-U.S. Developed Equity
5.4% Absolute Return
10.49% Real Estate
20.26% Private Equity
6.46% Private Credit
6.52% Natural Resources
5.68% Infrastructure
Asset allocation as of August 31, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website
