Presentations by Finalist Candidates for Private Equity Discretionary Separate Account Manager
for the Permanent School Fund
January 12, 2010
COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND: DISCUSSION
STATE BOARD OF EDUCATION: NO ACTION
SUMMARY: The committee will receive presentations by finalist candidates for private equity discretionary separate account manager for the Permanent School Fund.
BOARD RESPONSE: Based on the data presented, the committee will provide guidance to the investment staff as appropriate.
PREVIOUS BOARD ACTION: The board approved the issuance of a request for proposals for private equity discretionary separate account manager at the March 2009 meeting.
FUTURE ACTION EXPECTED: None.
BACKGROUND INFORMATION AND SIGNIFICANT ISSUES: None.
FISCAL IMPACT: The distribution of the Permanent School Fund is projected to be $60.7 million for fiscal year 2010.
PROCEDURAL AND REPORTING IMPLICATIONS: Not applicable.
PUBLIC COMMENTS: None.
ALTERNATIVES: No alternative actions are proposed regarding this item.
OTHER COMMENTS AND RELATED ISSUES: None.
Commissioner of Education
Staff Member Responsible:
Holland Timmins, Executive Administrator
and Chief Investment Officer of the
Texas Permanent School Fund