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.


United States

AUM ($B)




Chief Executive

B. Holland Timmins

Chief Investment Officer

B. Holland Timmins


Mike Morath

Asset allocation

20% Domestic Equity

17% International Equity

25% Fixed Income

38% Alternative Investments

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