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Permanent School Fund Corp. seeks staffing to expand asset management after allocation shift raised record ASF transfer
Summary
The Texas Permanent School Fund Corporation told the subcommittee it has redeployed roughly $28 billion of PSF assets to a new allocation, lifted distributions to the Available School Fund and is requesting funding and FTEs to scale investment and operations.
The Texas Permanent School Fund Corporation told the Article III subcommittee it is reorganizing to pursue higher risk‑adjusted returns, seeks additional investment staff, and said its asset allocation changes allowed a record transfer increase to the Available School Fund.
Why it matters: The PSF supports the state’s Available School Fund (ASF), which funds some Foundation School Program obligations. Changes to PSF investment strategy can raise distributions to the ASF over time, reducing pressure on state general revenue or local…
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