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About
Joseph Rest is a Portfolio Manager at Texas Permanent School Fund Corporation (TPSF Corp) in Austin, TX, where he is responsible for overseeing investment strategies within the fund’s portfolio. His role involves managing assets for one of the nation’s largest and oldest public endowments, specifically supporting Texas public education by helping steward its sovereign wealth. He has held the senior title of Portfolio Manager III at TPSF Corp since at least 2023, as confirmed by state records.
Rest’s investment expertise centers on private equity, a focus he has carried throughout his career in institutional asset management. At TPSF Corp, his portfolio management responsibilities likely include private equity and may span other alternative asset classes given the fund’s diversified investment approach. Previously, he served as Investment Officer, Private Equity at both the New York State Common Retirement Fund and the New York State Teachers' Retirement System, where he sourced, evaluated, and managed private equity commitments for large public pension plans.
He holds an MBA in Finance from Hawaii Pacific University, a B.S. in Business Administration from The College of Saint Rose, and an accounting certificate from Siena College, providing a solid financial and analytical foundation to his investment decision-making. Over his career, Rest has contributed to the performance and risk management of multi-billion-dollar institutional portfolios, particularly within the private equity sector, supporting the financial sustainability of prominent public trust funds.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Texas Permanent School Fund | Portfolio Manager | Nov 2016 to Present | Private Equity |
| New York State Common Retirement Fund | Investment Officer, Private Equity | Feb 2014 to Oct 2016 | Private equity fund due diligence and monitoring |
| New York State Teachers' Retirement System | Investment Officer, Private Equity | Dec 2008 to Feb 2014 | Private equity fund due diligence and monitoring |
| Trans World Entertainment | Internal Auditor | Jan 2008 to Nov 2008 | — |
| Trustco Bank | Staff Auditor | Mar 2006 to Jan 2008 | — |
| Trustco Bank | CSR | Jan 2005 to Jan 2006 | — |
Education
Hawaii Pacific University
MBA, Finance
2003 — 2004
The College of Saint Rose
B.S., Business Administration
1999 — 2002
Siena College
Certificate, Accounting
2006 Present
Skills & Expertise
Others at Texas Permanent School Fund Corp. (29)
| Name | Role | Location |
|---|---|---|
| Portfolio Manager | Austin, TX , United States | |
| Analyst | Buda, TX , United States | |
| Senior Vice President and Deputy Chief Investment Officer | Austin, TX , United States | |
| Investment Officer | Austin, TX , United States | |
| Senior Investment Officer | Austin, TX , United States | |
| Portfolio Manager - Private Equity | Austin, TX , United States | |
M Michael Hu | Senior Investment Officer | Houston, TX , United States |
| Sr. Investment Officer - Macroeconomics | Austin, TX , United States | |
| Portfolio Manager - Private Equity | Austin, TX , United States | |
| Investment Officer | Austin, TX , United States |