University of Texas’ $68 Billion Endowment to Boost Private, Illiquid Assets
- Utimco approved the changes at a board meeting in Austin
- Private credit has expanded to $1.5 trillion globally
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University of Texas Investment Management Co., the largest public endowment in the US, plans to delve deeper into private equity and illiquid assets to boost returns.
The Utimco board, which manages the endowments of the University of Texas and Texas A&M systems, agreed Thursday to increase allocations to private equity to 30% from 25% while reducing public equities to 27% from 35%.