U. Texas Endowment Hands Out $1 Billion To Alts.

Apr 18 2012 | 11:55am ET

The University of Texas endowment fund, one of the largest in the U.S., has invested more than $1 billion in alternative investment funds.

The $27.3 billion University of Texas Investment Management Co. gave the largest chunk of the $1.067 billion handed out in the three months to Feb. 29 to Mitchell Group, specifically its natural resources fund. Four funds received $75 million each, Pensions & Investments reports: Carmel Partners, Ford Financial, Mount Kellett Capital Partners and NGP Natural Resources. Victoria South American Partners was awarded $65 million.

Three other funds got $50 million each: American Industrial Partners, the Blackstone Group and Viking Global Investors.

The mandates were split between new and existing managers for UTIMCO. In addition, the endowment redeemed a total of $681 million during the same period.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of