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 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.Texas Permanent School Fund's investment portfolio is valued at $46.46 billion, with investments in private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly-traded equities, fixed income securities, and cash.