Steve LeBlanc is resigning as senior managing director of the investment management division of the Texas Teacher Retirement System, Austin, to return to the private sector, confirmed spokesman Howard Goldman.
Mr. Goldman said in a telephone interview that Mr. LeBlanc has not said what position he is taking in the private sector. Mr. LeBlanc will continue with TRS through early June and will facilitate transitional planning.
Mr. Goldman said Mr. LeBlanc was not available for an interview.
The TRS board will discuss organizational changes to replace Mr. LeBlanc at its April 19-20 meeting.
According to a news release from the $110 billion retirement system, Mr. LeBlanc and his private markets team over the last four years introduced significant improvements in private equity, real estate, energy and principal investments, including investing nearly $20 billion in 90 investments around the world, and helped build one of the first long-term strategic partnerships between a public pension fund and private market investors,.
Mr. LeBlanc was previously president and chief investment officer at Summit Properties, a REIT.