Pension Manager Discusses Benefits of PE Partnerships on CNBC

Steve LeBlanc, senior managing director for the Teacher Retirement System of Texas spoke with CNBC’s Fast Money about his fund’s partnership with private equity today, noting that by working with PE, his fund “can lock up capital for a longer-term,” with a typical investment lasting between five and seven years.

Partnering with PE works in part, according to LeBlanc, because “We share our best ideas and they share their best ideas.”

To learn more about pension investments in PE, click here. You can watch the full interview here: