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The Lincoln National Life Insurance Co. (Investment Portfolio) (LNLIC-IP) is the investment portfolio division of The Lincoln National Life Insurance Co., an insurance company headquartered in Fort Wayne, Indiana. The firm is a subsidiary of Lincoln National Corp. (NYSE: LNC). LNLIC-IP manages the investment portfolio of various clients.

The Teacher Retirement System of Texas (TRS) is a state-owned pension fund manager headquartered in Austin, Texas. The firm was founded by the Texas Legislature in 1937 to provide service and disability retirement benefits to teachers and administrators of the public school systems of Texas, which include institutions of higher education. In 1949, legislation expanded membership eligibility to include all employees of public education institutions. In 1985, TRS was assigned responsibility to administer health insurance program for public school retirees. The firm invests funds under its stewardship and delivers benefits to members as authorized by the Texas Legislature.