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About
Viktor Makarov is an Investment Officer at the Texas Permanent School Fund Corporation (Austin, TX), where he is responsible for overseeing portfolio allocations and investment decisions with a focus on hedge funds and private credit strategies. In his current role, he manages significant assets for one of the largest educational endowments in the United States, supervising both direct investments and manager relationships within these alternative asset classes.
Previously, Makarov served as Portfolio Manager and Senior Investment Associate at the same institution, developing deep expertise in alternative investments with an emphasis on private markets and credit-related opportunities. He has contributed to the fund’s growth and risk management by implementing advanced analytical frameworks and consolidated manager selection processes.
He holds an MBA from the University of Chicago Booth School of Business and a Bachelor’s degree in Chemical Engineering from Vanderbilt University. Makarov’s specialized focus on hedge funds and private credit, combined with a rigorous analytical background, has marked him as a key contributor in institutional asset management in the public education sector.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Texas Permanent School Fund Corporation | Investment Officer | Feb 2023 to Present | Absolute Return, Hedge Funds, Private & Opportunistic Credit, Special Situations |
| Texas Permanent School Fund Corporation | Portfolio Manager | Feb 2022 to Mar 2023 | Absolute Return, Hedge Funds, Private & Opportunistic Credit, Special Situations - Long/short and long-biased hedge funds - Private equity-style and hybrid drawdown funds (L/S, long-biased, long-only)... |
| Texas Permanent School Fund Corporation | Senior Investment Associate | Nov 2019 to Feb 2022 | Absolute Return, Hedge Funds, Alternative Credit, Special Situations - L/S, long-biased, and long-only hedge funds - Private equity-style and hybrid drawdown funds (L/S, long-biased, long-only) |
| Texas Permanent School Fund Corporation | Investment Analyst | Dec 2017 to Nov 2019 | Absolute Return, Hedge Funds, Alternative Credit, Special Situations - L/S, long-biased, and long-only hedge funds - Private equity-style and hybrid drawdown funds (L/S, long-biased, long-only) |
| Chevron | Investment Strategist | Aug 2015 to Nov 2017 | Investment strategist at the $20B+ pension fund, covering: - Public equity, private markets, absolute return, real estate, infrastructure - Investment manager sourcing, due diligence, and monitoring -... |
| Piper Sandler | Investment Banking Summer Associate | Jun 2014 to Aug 2014 | - M&A advisory - Capital markets |
| Baker Hughes | Product Line Strategy | Jan 2009 to Jan 2013 | - Commercialization strategy, corporate finance |
Education
The University of Chicago Booth School of Business
Master of Business Administration - MBA
2013 — 2015
Vanderbilt University
Bachelor of Science (BE), Chemical Engineering
2005 — 2009
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 | |
| Portfolio Manager | 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 |