Jennifer Wenzel

Biography: JENNIFER WENZEL 1211 S. 6th Street (512) 917-4418 Austin, TX 78704 [email protected] EXPERIENCE TEACHER RETIREMENT SYSTEM OF TEXAS – Austin, TX February 2009 – Present $105B Public Pension Fund Investment Manager October 2011 – Present Senior Associate October 2010 – September 2011 Associate /Senior Analyst February 2009 – September 2010 • Assist in sourcing, due diligence, and portfolio management of the external private portfolio of investments in real estate and private equity. • Recommend potential investment opportunities and general partner selection and assist with negotiating and monitoring limited partnership agreements and related documents. • Analyze and underwrite potential co-investment deals alongside current TRS general partners to build out the principal investments platform for the Real Assets team. CHEROKEE INVESTMENT PARTNERS – Raleigh, NC & Austin, TX June 2007 – October 2008 $1.2B Real Estate Private Equity Fund specializing in brownfield redevelopment. www.cherokeefund.com Senior Analyst Analyzed potential acquisitions, including due diligence, site inspection and financial modeling. Assisted in identifying risk and underwriting mixed-use and residential lot development transactions. • Created investment memos for 2 transactions valued at more than $40M in equity. • Coordinated with development partners to execute and manage the strategic plan for 3 assets including a former power plant and sugar refinery. • Assisted in a Request for Proposal submission on a General Motors manufacturing plant. • Evaluated feasibility of a Transit-Oriented Development site, including the potential use of New Market Tax Credits.