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University of Texas System Permanent University Fund (PUF)
The University of Texas System Permanent University Fund operates as a permanent endowment supporting public higher education in Texas. Richard Hall leads...
University of Texas System Permanent University Fund (PUF)
The University of Texas System Permanent University Fund operates as a permanent endowment supporting public higher education in Texas. Richard Hall leads investment decisions at UTIMCO, the dedicated manager for the fund. Distributions reach the University of Texas System for two-thirds of Available University Fund payouts and the Texas A&M University System for the remaining third. The fund maintains exposure to buyout transactions alongside direct holdings in land, oil and gas mineral rights, water rights, grazing rights, and renewable energy leases. Positions concentrate in West Texas counties including Andrews, Crane, and Pecos. UTIMCO also oversees venture capital and crypto fund exposure on behalf of the endowment. Additional assets include the UT System Corporate Aircraft. The structure channels returns exclusively to the two university systems without external limited partners.
General information
Firm type
Sovereign Wealth Fund
Year founded
—
AUM
$32.4B (Altss estimate)
Location
Region
North America
Country
United States
City
Austin
Corporate office
Austin, United States
Principals
Richard Hall
CEO and Chief Investment Officer of UTIMCO
Sector focus
Frequently asked questions
Who runs investment decisions at the University of Texas System Permanent University Fund?
Richard Hall serves as CEO and Chief Investment Officer of UTIMCO, the corporation that oversees PUF assets.
How is the University of Texas System Permanent University Fund related to UTIMCO?
UTIMCO acts as the business partner responsible for managing the fund's investments and operations.
Which university systems receive distributions from the fund?
The University of Texas System receives two-thirds of Available University Fund distributions; the Texas A&M University System receives one-third.
What asset classes appear in the fund's holdings?
Holdings include buyout investments, Permanent University Fund Lands, oil and gas mineral rights, water and grazing rights, and renewable energy leases.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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