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Teacher Retirement System of Texas
Teacher Retirement System of Texas invests funds and delivers retirement and related benefits to Texas educators. TRS began in 1937. It serves over 2.1 million...
Teacher Retirement System of Texas
Teacher Retirement System of Texas invests funds and delivers retirement and related benefits to Texas educators. TRS began in 1937. It serves over 2.1 million members, manages $225 billion in assets and stands as the largest public retirement system in Texas.
General information
Firm type
Pension Fund
Year founded
1937
Location
Region
North America
Country
United States
City
Austin
Corporate office
1000 Red River Street, Austin, TX 78723, United States
Additional offices
London, United Kingdom · Singapore
Principals
Brian Guthrie
Executive Director
Jase Auby
Chief Investment Officer
Carolyn Hansard
Managing Director, Energy, Natural Resources & Infrastructure
Grant Walker
Managing Director, Real Estate
Sector focus
Frequently asked questions
Who runs investment decisions at Teacher Retirement System of Texas?
Jase Auby serves as Chief Investment Officer. Brian Guthrie acts as Executive Director with oversight of the full organization. Carolyn Hansard and Grant Walker lead the Energy, Natural Resources & Infrastructure and Real Estate teams respectively.
Does Teacher Retirement System of Texas participate in fund commitments or only direct deals?
TRS commits to external funds and also executes direct co-investments. Examples include commitments to Thoma Bravo Discover Fund V and Starwood Distressed Opportunity Fund XIII alongside co-investment vehicles such as DB Yogi Co-Invest.
What investment stages does Teacher Retirement System of Texas typically target?
The system targets buyout, growth, venture and special situations strategies. Ticket sizes range from $10 million to $1.5 billion. Investment horizons span 10 to 30 years.
How does Teacher Retirement System of Texas source proprietary deal flow?
TRS maintains relationships with managers such as Starwood Capital Group and Quantum Energy Partners. It also participates in emerging manager programs and co-hosts an annual conference with the Employees Retirement System of Texas to identify new relationships.
Where does the underlying wealth come from at Teacher Retirement System of Texas?
Assets derive from contributions by Texas educators and school districts together with investment returns. The system holds no private family wealth origin.
Does Teacher Retirement System of Texas maintain philanthropic structures?
Yes. The Texas Retired Teachers Foundation operates as the philanthropic arm. It supports tutoring programs and emergency assistance for retired Texas educators.
What is Teacher Retirement System of Texas known posture on co-investments alongside external GPs?
TRS executes co-investments in real estate and infrastructure. Documented vehicles include DB Yogi Co-Invest with DigitalBridge and Project CS Co-Invest Fund with Thoma Bravo.
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