Texas Pension Fund Manager Writes About the Importance of PE in a WSJ Op-ed
Steve LeBlanc, a senior managing director for private markets for the Teacher Retirement System of Texas (TRS), penned an op-ed in the Wall Street Journal this morning about the importance of private equity for pension funds that benefit working Americans and retirees. In one paragraph, LeBlanc boils down why private equity plays a crucial role for pensions and the economy:
“The main point, though, is that the retirements of millions of teachers in Texas, cops in Florida, fire fighters in California and public employees in New York are more financially secure because of private-equity and real-estate investments. It’s been a critical part of TRS’s success and it should be part of the equation for others as well. The fact that many U.S. companies are prospering and creating jobs because of the capital and expertise invested by private equity just makes it all the better.”
At the end of last month, LeBlanc appeared on Bloomberg to discuss his investments in private equity. You can watch the video by clicking here. To understand how private equity helps investors, click here.
You can read the full op-ed here (subscription required).
