LeBlanc announced the decision at a TRS staff meeting Tuesday. He has served TRS for the last four years where he and his private markets team introduced significant improvements in the areas of private equity, real estate, energy and principal investments.
“When I came to TRS, it was with a sense of service toward more than a million members who serve Texas through our public educational system. I have been proud to serve them and am very proud of what has been accomplished on their behalf at TRS within the Investment Divsion,” said LeBlanc.
According to the TRS, LeBlanc and his staff built out a highly regarded investment team, an improved investment process (frequently referred to as “the Texas Way”), a set of premier investment relationships, and one of the first long-term strategic partnerships between a public pension fund and private market investors. Over the last four years, LeBlanc and his team invested nearly $20 billion in 90 investments around the globe.
LeBlanc will continue in his position through early June and will facilitate transitional planning. The Investment Management Division will consider options and develop proposed organizational changes that will be discussed with the TRS Board at their April 19-20 meeting.
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