The University of Texas at Austin

The UT System Investment Management Company (UTIMCO) manages the endowment assets for all UT System institutions, including UT Austin. UTIMCO is led by a CEO and governed by a board of directors appointed by the UT System Board of Regents.

The specific AUM of the UT Austin endowment is not publicly disclosed, but UTIMCO managed total assets of roughly $70 billion across the entire UT System as of 2023 (per UTIMCO). The university's share is a substantial portion of that sum.

UTIMCO uses a long-term, diversified approach focused on preserving purchasing power while generating returns to support operations and scholarships. The portfolio mixes traditional asset classes with alternatives including private equity, real estate, and energy.

Yes, UTIMCO makes direct investments in private equity, venture capital, and real asset deals alongside fund commitments, particularly in energy and infrastructure sectors. It also partners with external managers for co-investments.

The Permanent University Fund (PUF) is a sovereign wealth fund established in 1876 to benefit the UT System and Texas A&M System. UTIMCO manages the PUF, which is primarily invested in land and mineral rights, providing a steady income stream for UT Austin's academic and research programs.

Endowment earnings are distributed annually to fund scholarships, professorships, research programs, and capital projects at UT Austin. The payout rate is typically around 5% of assets, consistent with many large endowments.

UTIMCO and the University of Texas System have adopted investment policies that consider environmental, social, and governance factors, though specific ESG integration practices are not detailed publicly. The endowment has faced scrutiny over fossil fuel investments in the past.