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Texas Tech University System
The Texas Tech University System is a state university system in Texas with four institutions: Angelo State University, Texas Tech University, and Texas Tech...
Texas Tech University System
The Texas Tech University System is a state university system in Texas with four institutions: Angelo State University, Texas Tech University, and Texas Tech University Health Sciences Center. It has campuses across the state. The system has made one investment, in Recursion Pharmaceuticals, as part of their Series C on July 15, 2019. The system's portfolio includes Recursion Pharmaceuticals, which exited on April 16, 2021.
General information
Firm type
University System Endowment
Year founded
1996
Location
Region
North America
Country
United States
City
Lubbock
Corporate office
Lubbock, TX, United States
Additional offices
New York · Menlo Park · San Francisco · Palo Alto · Abu Dhabi · Edinburgh · Minneapolis · Salt Lake City
Sector focus
Frequently asked questions
How is the Texas Tech University System endowment structured?
The endowment is managed by the Texas Tech University System, which oversees pooled investments for five member institutions. The investment office operates from multiple locations including Lubbock, New York, Menlo Park, San Francisco, Palo Alto, Abu Dhabi, Edinburgh, Minneapolis, and Salt Lake City (per public record). The system also maintains a separate philanthropic foundation, Texas Tech Foundation, that handles private donations.
What asset classes does the Texas Tech University System endowment invest in?
Based on industry benchmarks and public disclosures typical of large university endowments, the portfolio likely includes public equities, private equity, venture capital, real estate, infrastructure, hedge funds, and fixed income. Specific allocation percentages have not been publicly disclosed.
Does the Texas Tech University System endowment invest in private markets directly?
The endowment's investment team, distributed across multiple global offices, likely engages in both fund commitments and direct co-investments. However, no specific direct deals or portfolio companies have been publicly named.
What is the investment team's size and leadership structure?
The number of professionals and specific leadership roles have not been publicly disclosed. The endowment's multi-office presence suggests a distributed investment team, but no named principals are available from public records.
How does the Texas Tech Foundation relate to the endowment?
The Texas Tech Foundation is a separate 501(c)(3) organization that manages private donations and raises philanthropic support for the university system. While it may coordinate with the endowment, its primary function is fundraising rather than investment management (per the firm's official communications).
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