Texas Permanent School Fund Corporation
Reid Spears, CFA, is a seasoned investment professional currently serving as Senior Investment Officer for Private Credit at Texas Permanent School Fund Corporation since October 2024. Prior to this role, Reid held multiple positions at George Kaiser Family Foundation from November 2012 to July 2024, including Managing Director, Investment Officer, and Investment Analyst. Earlier experience includes a position as Assistant Director/Operations Manager at Open Arms Home for Children and an internship at CDH Investments. Reid holds a Bachelor of Arts degree in Economics and a Program of Liberal Studies from the University of Notre Dame, obtained in 2011.
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Texas Permanent School Fund Corporation
We are a special-purpose governmental corporation charged with prudently managing and investing the assets of the Texas Permanent School Fund. We strive to achieve exceptional investment performance to protect and grow the historic public endowment and sovereign wealth fund of Texas, generating essential resources for current and future Texas schoolchildren. As the nation’s 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 Fund’s 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.