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Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS)
PSRS/PEERS is Missouri's public teachers' pension fund, managing ~$60B for 130k+ education employees. CIO Craig Husting leads investment strategy.
Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS)
The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) was established in 1946 as a defined-benefit pension plan for the state's public school teachers and education employees. The system is governed by a seven-member Board of Trustees currently chaired by Beth Knes, with day-to-day operations led by Executive Director Dearld Snider and CIO Craig Husting, who oversees the investment portfolio. PSRS/PEERS runs a multi-asset allocation targeting fixed income, private equity, real estate, and infrastructure. The private equity program emphasizes buyout strategies across North American and global markets, supplemented by co-investment and secondaries exposure. The portfolio includes a direct private real estate portfolio with holdings spanning mixed-use properties globally, as well as a real assets and infrastructure allocation. The fund has historically maintained a meaningful allocation to government bonds as a liability-hedging anchor. Total assets under management are estimated at $60B (Altss estimate). The investment team is headquartered in Jefferson City, Missouri. COO Sarah Swoboda manages back-office operations. PSRS/PEERS is a member of several institutional investor associations including NASRA, NCTR, MAPERS, and the Council of Institutional Investors, giving its team professional development and advocacy networks. In 2025, the fund continued its steady pacing of private equity commitments across buyout and specialist funds (public record). A structural differentiator is the fund's status as a government-administered, single-employer pension plan with a dedicated funding statute — Missouri law mandates contributions from the state, school districts, and employees, which isolates the system from municipal budget negotiations. PSRS/PEERS does not operate any separate investment vehicles or side funds, and all assets are held in trust for the exclusive benefit of members and beneficiaries under Missouri state law.
General information
Firm type
Pension Fund
Year founded
1946
AUM
$60B (Altss estimate)
Location
Region
North America
Country
United States
City
Jefferson City
Corporate office
3210 W. Truman Blvd, Jefferson City, MO 65109, United States
Principals
Craig Husting
Chief Investment Officer
Dearld Snider
Executive Director
Beth Knes
Chair of the Board of Trustees
Sarah Swoboda
Chief Operating Officer
Sector focus
Frequently asked questions
Who makes investment decisions at PSRS/PEERS?
The Board of Trustees, chaired by Beth Knes, sets overall investment policy. The investment team, led by CIO Craig Husting, executes the portfolio and recommends allocations. Executive Director Dearld Snider oversees the fund's administration.
What asset classes does PSRS/PEERS invest in?
The fund allocates across fixed-income (including government bonds), private equity (primarily buyout), real estate, and infrastructure. The private equity program includes co-investment and secondaries activity.
Does PSRS/PEERS invest in fund commitments or direct deals?
The private equity program is primarily fund-based, with a focus on buyout partnerships. The fund also holds direct real estate and infrastructure assets in its portfolio.
How is PSRS/PEERS's governance structured?
A seven-member Board of Trustees governs the system, with members appointed by the Governor of Missouri and the State Board of Education. The board hires the executive director and CIO and oversees investment strategy.
Is PSRS/PEERS a government-run pension or a trust?
It is a statutory public pension trust established by Missouri state law. All assets are held in trust for members. The system is funded through contributions from employees, school districts, and the state, plus investment earnings.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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