Steven LeBlanc
Former Senior Managing Director, CapRidge Partners
Steven LeBlanc is the former senior managing director of private markets, overseeing the real assets, private equity and principal investments portfolios at the $110 billion Teacher Retirement System of Texas (“TRS”), the top performing pension plan in 2010. Mr. LeBlanc’s team was responsible for managing the more than $45 billion real estate and private equity portfolio exposure for the fund. His team made 116 investment commitments around the globe of nearly $30 billion in equity from 2008 to 2012. Mr. LeBlanc led the creation of the $ 6 billion private markets’ strategic partnership network at TRS.
An experienced leader of investment professionals and assets in the real estate industry, Mr. LeBlanc was president and chief executive officer of NYSE-listed REIT Summit Properties in Charlotte, North Carolina. Summit had 500 employees, 18,000 apartment homes and $150-300 million of annual development and acquisitions. From 1998 to 2004, Summit increased its equity market cap from $0.5 billion to $1.1 billion (225 percent) and the total market cap from $1.26 billion to more than $2 billion (176 percent). The total rate of return for shareholders was 144 percent and averaged nearly 20 percent a year. Summit Properties merged with Camden Property Trust on Feb. 28, 2005.
Videos
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Lessons Learned with Texas Teachers’ Retirement System
Steven LeBlanc, former head of the $30bn private markets group at the Teachers Retirement System of Texas, talks about his four years with the public pension plan.
March 4, 2014More -
Smaller Funds Perform Better, Says Ex-TRS Head
Steven LeBlanc has backed some of the largest managers in private equity and real estate, yet he argues the best performing funds are often the smallest.
February 12, 2014More
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