Jared Stout

Texas Permanent School Fund (Investment Management) (PSF-IM) is the sovereign wealth management arm of Texas Permanent School Fund (PSF), a sovereign wealth fund headquartered in Austin, Texas. The firm was created with an appropriation by the Legislature of 1854 expressly for the benefit of the public schools of Texas. The Texas Constitution of 1876 stipulated that certain lands and all proceeds from the sale of these lands should also constitute the PSF. Additional acts later gave more public domain land and rights to the PSF.