Summer Investment Analyst Intern

** Who We Are
** The Texas Permanent School Fund (PSF) is a constitutionally established education endowment with more than 180 years of history supporting Texas public schools. Today, PSF manages more than $60 billion in assets through a diversified, long-term investment strategy designed to generate sustainable returns, preserve the Fund for future generations, and support Texas K–12 education.
Our portfolio spans a broad range of public and private market strategies, including public equities, private and public credit, real estate and real assets, private equity, absolute return strategies, venture capital, and co-investments. Across the portfolio, Texas PSF works with leading investment firms and managers across markets and strategies. Texas PSF is supported by strong operational, legal, financial, risk, and governance functions that help steward the Fund over the long term   In addition to providing permanent funding for Texas public schools, the Fund also supports the Bond Guarantee Program, helping school and charter districts access lower borrowing costs and directing more resources toward classrooms and students.

Our work supports more than 5 million students across 1,000+ school districts statewide. Guided by fiduciary responsibility, integrity, and service to Texans, PSF combines institutional scale with an enduring mission: strengthening public education and investing in Texas’s future.

** Job Summary
** As a Summer Intern at the Texas Permanent School Fund Corporation, you will gain hands-on experience supporting investment research, analysis, due diligence, and portfolio monitoring while working alongside experienced investment professionals. Interns contribute meaningful work, collaborate with asset class teams, complete a summer-long project, and present to senior leadership.
Program Details
* June 1, 2027 – July 31, 2027
* Full-time (40 hours per week)
* Monday through Friday
* Hybrid schedule: 4 days onsite, 1 day remote
* Paid internship
* Located in Downtown Austin, Texas  Dedicated mentors across the investment team will provide guidance and support throughout the program. Your experience within each asset class may include:
* ** Private Equity
** focuses on funds investing in underlying private companies across a broad range of enterprise values, sectors and geographies.  Interns will be exposed to fund underwriting / due diligence, monitoring and reporting.
* ** Real Estate/Real Assets
** focuses on funds investing in asset and asset-heavy businesses such as commercial real estate, infrastructure and natural resources investments. Interns will be exposed to fund underwriting / due diligence, portfolio monitoring and reporting.
* ** Risk
* * manages the Fund's overall risk and return to support the firm’s mission, covering all decisions except manager selection.  Interns will be exposed to hands-on experience analyzing economic data, conducting peer research, developing economic models, Strategic Asset Allocation (SAA), Tactical Asset Allocation (TAA), macro research, board communications, risk appetite setting and monitoring, and performance measurement.
* ** Credit
* * focuses on funds investing in investment grade fixed income, high yielding corporate credit, structured credit and private credit. Interns will be exposed to fund underwriting / due diligence, portfolio monitoring and reporting, and individual company and capital structure analysis.
* ** Absolute Return Strategies
** focus on allocating capital to trading-oriented hedge funds across market neutral equity and credit, relative value, macro, quant, and multi-strategy managers. Public Equity focuses on investing in long-only or long-biased equity funds. Interns will be exposed to fund sourcing, the underwriting and…