Austin, Texas — According to state and local development sources, Texas Permanent School Fund plans to invest $9,032,571.00 to build out 43,963 square feet of new space in Austin. The company plans to occupy the new space at 1313 Red River Street, Suite 600 in Austin, on or about December 1, 2024. According to the company website We are a special-purpose governmental corporation charged with prudently managing and investing the assets of the Texas Permanent School Fund. Texas PSFs mission is to generate superior long-term investment returns for the benefit of Texas K-12 public schools. As the nations oldest sovereign wealth fund, Texas PSF supports public education in two important ways: First, the investment portfolio we manage generates returns which help fund a portion of educational expenses, including textbooks and technology. Since 1969, the fund has generated nearly $39 billion dollars to help fund public education. Second, through the Bond Guarantee Program, independent school districts and charter districts use the Funds AAA credit rating schools to lower interest rates on their debt guaranteed by the Fund, allowing more money to go toward school improvements instead of interest, and saving Texas taxpayers hundreds of millions of dollars each year.

To learn more about Texas Permanent School Fund, visit http://texaspsf.org/

Company Contact:
Robert Borden, Chief Executive Officer
512-463-9169

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